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. IPO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
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.
Looking at the yearly performance, IPO did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month IPO has a been trading in a tight range between 42.00 and 44.35.
IPO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 43.76, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IPO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
33.48
48.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 43.46 to 43.76. 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 42.71 to 42.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 46.72 to 47.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.07 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 | 78.17 | POSITIVE | IPO has a high relative strength, it outperformed 78.17% 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) | 59.22 | NEUTRAL | The RSI value for IPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests IPO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80.61 | OVERBOUGHT | The high Stochastics value suggests IPO may be overbought. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for IPO suggests low volalility. |
| Average Directional Index/ADX (14) | 12.39 | NEGATIVE | The low ADX value for IPO suggests a weak or negative 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 |
|---|---|---|---|
| 44.36 | 43.45 | 0.91 (2.05%) | 25.00% |
| An entry @44.36. This is a Buy Stop order right above the 10 day high. | An exit @43.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.91 points, which is 2.05%. | For a 0.51% 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 (6/18/2025, 8:04:00 PM)
44.03
+0.37 (+0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.85%
1 Week0.18%
2 Weeks0.92%
1 Month0.66%
3 Month12.7%
6 Month-1.15%
12 Month11.3%
2 Year34.62%
3 Year46.23%
5 Year8.88%
10 Year82.32%
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%1.8%
ATR Inc-26.91%
Range Today0.6
ADR(20)0.7
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.17
Mansfield-0.02
10 Day High44.35
10 Day Low42.96
20 Day High44.35
20 Day Low42
52 Week High48.23
52 Week Low31.2
CS1 End43.76
CR1 Start46.72
Volume & EV
DER(3)9.1%
DER(5)6.94%
Volume15.10K
Volume Incr-11.61%
Vol(5)37.32K
Vol(50)34.23K