Overall IPX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IPX is showing a nice and steady performance.
- IPX is one of the lesser performing stocks in the Metals & Mining industry. 62% of 157 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that IPX is one of the better performing stocks in the market, outperforming 90% of all stocks.
- IPX 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 IPX is lagging the market slightly.
- In the last month IPX has a been trading in the 31.17 - 49.70 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.
Although IPX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
27.58
When analyzing the support we can see 3 important areas.
- Support @33.76 from a trend line in the daily time frame.
- A support zone ranging from 32.25 to 32.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.86 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 IPX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IPX is up. |
| ChartMill Relative Strength | 90.48 | POSITIVE | IPX has a high relative strength, it outperformed 90.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IPX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IPX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IPX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.11 | OVERBOUGHT | The high RSI value suggests IPX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.21 | POSITIVE | The MACD value suggests IPX has a positive trend. |
| Stochastics (14,3) | 97.99 | OVERBOUGHT | The high Stochastics value suggests IPX may be overbought. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for IPX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.07 | POSITIVE | The high ADX value value for IPX suggests a strong trend. |
49.6
+3.36 (+7.27%)
IPERIONX LTD - ADR / IPX FAQ
What is the ChartMill technical rating of IPERIONX LTD - ADR (IPX) stock?
ChartMill assigns a technical rating of 10 / 10 to IPX.
What is the current trend direction of IPERIONX LTD - ADR (IPX) stock?
The current trend direction for IPERIONX LTD - ADR (IPX) is Bullish.
Can you provide the RSI signal for IPERIONX LTD - ADR?
IPERIONX LTD - ADR (IPX) has an RSI value of 79.1074. This indicates that the stock is currently overbought.
What is the short term momentum for IPERIONX LTD - ADR (IPX) stock?
The short term momentum for IPERIONX LTD - ADR (IPX) is positive.
What are the support and resistance levels for IPERIONX LTD - ADR (IPX) stock?
IPERIONX LTD - ADR (IPX) has a support level at 33.76. Check the full technical report for our detailed analysis of IPX support and resistance levels.