INTREPID POTASH INC (IPI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:IPI • US46121Y2019
Overall IPI gets a technical rating of 10 out of 10. 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 88% of all stocks.
- IPI is one of the better performing stocks in the Chemicals industry, it outperforms 85% of 83 stocks in the same industry.
- IPI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IPI is lagging the market slightly.
- In the last month IPI has a been trading in the 31.57 - 35.78 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, IPI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 35.00, a Stop Loss order could be placed below this zone.
More info and screens
25.53
6 important support areas can be observed.
- A support zone ranging from 34.84 to 35.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 32.51 to 32.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.68 from a horizontal line in the daily time frame.
- Support @30.52 from a trend line in the daily time frame.
- Support @28.43 from a horizontal line in the daily time frame.
- Support @25.79 from a trend line in the weekly 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 | 88.27 | POSITIVE | IPI has a high relative strength, it outperformed 88.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IPI is above the rising 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) | 60.63 | NEUTRAL | The RSI value for IPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests IPI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.91 | NEUTRAL | The Stochastics value for IPI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for IPI suggests high volalility. |
| Average Directional Index/ADX (14) | 38.51 | POSITIVE | The high ADX value value for IPI suggests a strong trend. |
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 |
|---|---|---|---|
| 35.79 | 34.83 | 0.96 (2.68%) | 25.00% |
| An entry @35.79. This is a Buy Stop order right above the 10 day high. | An exit @34.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.96 points, which is 2.68%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- 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.
35.17
+1.06 (+3.11%)
INTREPID POTASH INC / IPI FAQ
What is the technical rating for IPI stock?
ChartMill assigns a technical rating of 10 / 10 to IPI.
Can you provide the trend direction for INTREPID POTASH INC?
The current trend direction for INTREPID POTASH INC (IPI) is Bullish.
Can you provide the RSI signal for INTREPID POTASH INC?
INTREPID POTASH INC (IPI) has an RSI value of 60.6332. This indicates that the stock is currently neutral.
What is the short term momentum for INTREPID POTASH INC (IPI) stock?
The short term momentum for INTREPID POTASH INC (IPI) is positive.
What is the buy/sell signal for INTREPID POTASH INC (IPI) stock?
The buy/sell signal for INTREPID POTASH INC (IPI) is buy as both the short term and long term trends are positive.