IPO Technical Analysis - IP GROUP PLC

Technical Rating and Analysis

Overall IPO gets a technical rating of 9 out of 10. IPO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, IPO did better than 83% of all other stocks.

IPO 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 IPO is lagging the market slightly.

In the last month IPO has a been trading in the 44.25 - 50.70 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although IPO 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

36.15

54.94

When analyzing the support we can see 4 important areas.

A support zone ranging from 46.94 to 48.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 44.73 to 44.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @42.05 from a horizontal line in the daily time frame.
Support @36.52 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

Resistance @51.62 from a trend line in the weekly time frame.
A resistance zone ranging from 53.71 to 54.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for IPO.L is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IPO.L is up.
ChartMill Relative Strength	83.58	POSITIVE	IPO.L has a high relative strength, it outperformed 83.58% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IPO.L is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IPO.L is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of IPO.L is above the rising SMA(200).
Relative Strength Index/RSI (14)	71.06	OVERBOUGHT	The high RSI value suggests IPO.L may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests IPO.L has a positive trend.
Stochastics (14,3)	85.39	OVERBOUGHT	The high Stochastics value suggests IPO.L may be overbought.
Average True Range in percent/ATR (20)	2.47	MEDIUM VOLATILITY	The ATR as a percentage value for IPO.L suggests some volalility.
Average Directional Index/ADX (14)	24.51	NEUTRAL	The ADX value for IPO.L suggests a possible start of a new trend.