RENAISSANCE IPO ETF (IPO) Stock Technical Analysis
NYSEARCA:IPO - NYSE Arca - US7599372049 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to IPO. In the last year, IPO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Warning: IPO has an average volume of 24604 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
IPO 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 IPO is performing more or less in line with the market.
IPO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Looking at the yearly performance, IPO did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, IPO also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 43.43. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for IPO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.32
48.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.72 to 42.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.66 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 43.43 to 43.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 46.72 to 47.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.06 from a horizontal line in the daily 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 IPO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IPO is up. |
| ChartMill Relative Strength | 72.7 | POSITIVE | IPO has a high relative strength, it outperformed 72.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IPO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IPO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IPO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.99 | NEUTRAL | The RSI value for IPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IPO has a negative trend. |
| Stochastics (14,3) | 83.29 | OVERBOUGHT | The high Stochastics value suggests IPO may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for IPO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.24 | NEUTRAL | The ADX value for IPO suggests a possible start of a new trend. |
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)
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 |
|---|---|---|---|
| 43.70 | 42.71 | 0.99 (2.27%) | 25.00% |
| An entry @43.70. This is a Buy Stop order right above the resistance zone. | An exit @42.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.99 points, which is 2.27%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IPO. 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.
NYSEARCA:IPO (5/28/2025, 8:04:00 PM)
43.2249
-0.68 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.54%
1 Week-1.18%
2 Weeks-0.4%
1 Month11.29%
3 Month2.61%
6 Month-6.18%
12 Month10.18%
2 Year44.47%
3 Year39.03%
5 Year17.68%
10 Year75.5%
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%2.07%
ATR Inc4.99%
Range Today0.67
ADR(20)0.68
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.7
Mansfield-0.04
10 Day High44.09
10 Day Low42
20 Day High44.09
20 Day Low37.77
52 Week High48.23
52 Week Low31.2
CS1 End42.97
CR1 Start43.43
Volume & EV
DER(3)2.1%
DER(5)3.68%
Volume10.70K
Volume Incr-46.4%
Vol(5)10.38K
Vol(50)24.60K