INTREPID POTASH INC (IPI) Stock Technical Analysis
NYSE:IPI - New York Stock Exchange, Inc. - US46121Y2019 - Common Stock - Currency: USD
Taking everything into account, IPI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IPI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that IPI is one of the better performing stocks in the market, outperforming 93% of all stocks.
IPI is one of the better performing stocks in the Chemicals industry, it outperforms 92% of 85 stocks in the same industry.
IPI is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IPI is leading the market.
In the last month IPI has a been trading in the 35.30 - 39.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IPI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.55
39.34
6 important support areas can be observed.
- A support zone ranging from 36.75 to 36.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.77 from a trend line in the weekly time frame.
- Support @27.16 from a trend line in the daily time frame.
- A support zone ranging from 26.09 to 26.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @23.72 from a trend line in the weekly time frame.
- Support @21.77 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 37.10 to 38.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @38.95 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IPI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IPI is up. |
| ChartMill Relative Strength | 93.87 | POSITIVE | IPI has a high relative strength, it outperformed 93.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IPI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IPI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.31 | NEUTRAL | The RSI value for IPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests IPI has a negative trend. |
| Stochastics (14,3) | 54.45 | NEUTRAL | The Stochastics value for IPI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for IPI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.56 | POSITIVE | The high ADX value value for IPI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.20 | 36.74 | 1.46 (3.82%) | 25.00% |
| An entry @38.20. This is a Buy Stop order right above the resistance zone. | An exit @36.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.46 points, which is 3.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- The distance between exit and entry is rather small compared to the average daily movement of IPI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
36.76
-0.53 (-1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.42%
1 Week-1.82%
2 Weeks0.35%
1 Month-3.52%
3 Month38.35%
6 Month46.1%
12 Month56.49%
2 Year62.01%
3 Year-18.83%
5 Year271.31%
10 Year-69.21%
15 Year-81.22%
Volatility
ATR(14)1.2
ATR(20)%3.57%
ATR Inc5.94%
Range Today1.38
ADR(20)1.29
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.87
Mansfield3.09
10 Day High39.01
10 Day Low36.61
20 Day High39.01
20 Day Low35.3
52 Week High39.01
52 Week Low20.75
CS1 End36.75
CR1 Start37.1
Volume & EV
DER(3)-3.92%
DER(5)-3.59%
Volume181.30K
Volume Incr-42.18%
Vol(5)151.08K
Vol(50)217.87K