S&P Intl Technology Sector ETF (IPK) Stock Technical Analysis
NYSEARCA:IPK - NYSE Arca -
We assign a technical rating of 10 out of 10 to IPK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IPK is showing a nice and steady performance.
Warning: IPK has an average volume of 28860 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, IPK did better than 83% of all other stocks. On top of that, IPK also shows a nice and consistent pattern of rising prices.
IPK is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IPK has a been trading in the 41.99 - 44.91 range, which is quite wide. It is currently trading near the high of this range.
Although IPK has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
37.67
45.15
We found 2 important support areas.
- A support zone ranging from 41.67 to 43.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.50 to 44.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 IPK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IPK is up. |
| ChartMill Relative Strength | 83.73 | POSITIVE | IPK has a high relative strength, it outperformed 83.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IPK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IPK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IPK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.51 | NEUTRAL | The RSI value for IPK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests IPK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.27 | OVERBOUGHT | The high Stochastics value suggests IPK may be overbought. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for IPK suggests low volalility. |
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)
S&P Intl Technology Sector ETF
NYSEARCA:IPK (7/24/2017, 8:51:10 PM)
44.47
-0.02 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week1.52%
2 Weeks4.15%
1 Month2.18%
3 Month11.51%
6 Month23.08%
12 Month33.62%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%0.97%
ATR Inc46.48%
Range Today0.74
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.73
Mansfield1.11
10 Day High44.91
10 Day Low42.65
20 Day High44.91
20 Day Low41.99
52 Week High44.91
52 Week Low32.11
CS1 End43.94
CR1 Start44.5
Volume & EV
DER(3)1.7%
DER(5)2.63%
Volume16.90K
Volume Incr34.43%
Vol(5)19.68K
Vol(50)28.86K