Inter Pipeline Ltd (IPL.CA) Technical Analysis
TSX:IPL
Current stock price
IPL.CA Technical Rating and Analysis
Taking everything into account, IPL scores 3 out of 10 in our technical rating. Although IPL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month IPL has a been trading in the 18.58 - 19.99 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, IPL did better than 74% of all other stocks. On top of that, IPL also shows a nice and consistent pattern of rising prices.
- IPL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IPL is performing more or less in line with the market.
- IPL has an average volume of 2086850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- IPL is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, IPL did better than 59% of them.
- Considerably lower volume is observed in the last couple of days.
IPL.CA Weekly and Daily overview Charts
IPL.CA Setup Rating and Analysis
The technical rating of IPL is bad and it also does not present a 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
IPL.CA Support and Resistance Analysis
16.12
We found 3 important support areas.
- A support zone ranging from 18.84 to 18.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.76 from a horizontal line in the daily time frame.
- Support @16.28 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 19.45 to 20.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.56 to 20.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
IPL.CA Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for IPL.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IPL.CA is down. |
| ChartMill Relative Strength | 74.97 | POSITIVE | IPL.CA has a high relative strength, it outperformed 74.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IPL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IPL.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IPL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.95 | NEUTRAL | The RSI value for IPL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests IPL.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.17 | NEUTRAL | The Stochastics value for IPL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1 | LOW VOLATILITY | The low ATR as a percentage value for IPL.CA suggests low volalility. |
IPL.CA Chart- and CandleStick Pattern Analysis
IPL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:IPL (11/1/2021, 7:00:00 PM)
19.12
+0.28 (+1.49%)
Inter Pipeline Ltd / IPL.CA TA FAQ
Can you provide the ChartMill technical rating for Inter Pipeline Ltd?
ChartMill assigns a technical rating of 3 / 10 to IPL.CA.
Can you provide the trend direction for Inter Pipeline Ltd?
The current trend direction for Inter Pipeline Ltd (IPL.CA) is Bearish.
What is the RSI signal for Inter Pipeline Ltd (IPL.CA) stock?
Inter Pipeline Ltd (IPL.CA) has an RSI value of 33.9514. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Inter Pipeline Ltd?
The short term momentum for Inter Pipeline Ltd (IPL.CA) is negative.
What is the support and resistance level for IPL stock?
Inter Pipeline Ltd (IPL.CA) has a support level at 18.84 and a resistance level at 19.45. Check the full technical report for our detailed analysis of IPL.CA support and resistance levels.