RENAISSANCE IPO ETF (IPO) Stock Technical Analysis
USA - NYSEARCA:IPO - US7599372049 - ETF
52.83 USD
+0.36 (+0.69%)
52.4163 USD
-0.41 (-0.78%)
We assign a technical rating of 10 out of 10 to IPO. Both in the recent history as in the last year, IPO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, IPO did better than 80% of all other stocks.
IPO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IPO has a been trading in the 47.03 - 53.58 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although IPO has an excellent technical rating, it does not present a decent entry opportunity 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
34.16
53.36
When analyzing the support we can see 4 important areas.
- A support zone ranging from 49.59 to 50.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.17 to 48.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @43.68 from a horizontal line in the daily time frame.
- Support @34.51 from a trend line in the weekly 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 | 80.83 | POSITIVE | IPO has a high relative strength, it outperformed 80.83% 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) | 66.94 | NEUTRAL | The RSI value for IPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests IPO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.88 | NEUTRAL | The Stochastics value for IPO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for IPO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.44 | 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)
52.83
+0.36 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.69%
1 Week2.94%
2 Weeks8.41%
1 Month4.78%
3 Month21.53%
6 Month35.22%
12 Month23.09%
2 Year65.23%
3 Year86.02%
5 Year1.05%
10 Year165.48%
15 YearN/A
Volatility
ATR(14)1.07
ATR(20)%2.11%
ATR Inc-36.18%
Range Today0.61
ADR(20)0.94
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.83
Mansfield0.79
10 Day High53.58
10 Day Low48.44
20 Day High53.58
20 Day Low47.03
52 Week High53.58
52 Week Low31.2
CS1 End50.27
CR1 StartN/A
Volume & EV
DER(3)-9.99%
DER(5)-5.4%
Volume194.50K
Volume Incr16.86%
Vol(5)148.12K
Vol(50)90.95K