Inter Pipeline Ltd (IPL.CA) Stock Technical Analysis
Canada - TSX:IPL -
19.12
+0.28 (+1.49%)
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 part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry. IPL outperforms 85% of them.
IPL 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 IPL is lagging the market slightly.
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 long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Considerably lower volume is observed in the last couple of days.
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
16.12
21.15
3 important support areas can be observed.
- 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.
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. |
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)
TSX:IPL (11/1/2021, 7:00:00 PM)
19.12
+0.28 (+1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.49%
1 Week0.37%
2 Weeks-4.16%
1 Month-4.06%
3 Month-4.21%
6 Month6.58%
12 Month67.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%1%
ATR Inc261.29%
Range Today0.49
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
CRS74.97
Mansfield-0.23
10 Day High19.99
10 Day Low18.58
20 Day High19.99
20 Day Low18.58
52 Week High21.01
52 Week Low11.71
CS1 End18.84
CR1 Start19.45
Volume & EV
DER(3)-2.18%
DER(5)-0.49%
Volume488.97K
Volume Incr36.65%
Vol(5)1.00M
Vol(50)2.09M