Taking everything into account, IPX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IPX is only an average performer.
Although IPX 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.
More info and screens
27.58
We found 3 important support areas.
- Support @33.33 from a trend line in the daily time frame.
- A support zone ranging from 31.94 to 32.24. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.80 to 44.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 59.68 | NEUTRAL | IPX is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of IPX is above a declining 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) | 69.75 | NEUTRAL | The RSI value for IPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.11 | POSITIVE | The MACD value suggests IPX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.53 | OVERBOUGHT | The high Stochastics value suggests IPX may be overbought. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for IPX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.56 | POSITIVE | The high ADX value value for IPX suggests a strong trend. |
43.79
+0.5 (+1.16%)
IPERIONX LTD - ADR / IPX FAQ
What is the ChartMill technical rating of IPERIONX LTD - ADR (IPX) stock?
ChartMill assigns a technical rating of 7 / 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 69.7468. This indicates that the stock is currently neutral.
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 33.33 and a resistance level at 43.8. Check the full technical report for our detailed analysis of IPX support and resistance levels.