IPERIONX LTD - ADR (IPX) Stock Technical Analysis
NASDAQ:IPX • US44916E1001
We assign a technical rating of 4 out of 10 to IPX. Although IPX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- IPX is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 65% are performing better than IPX.
- In the last month IPX has a been trading in the 38.52 - 61.45 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that IPX is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- IPX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IPX is lagging the market.
IPX has an average technical rating and it also 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 5 important support areas.
- Support @40.00 from a horizontal line in the daily time frame.
- Support @34.50 from a trend line in the weekly time frame.
- Support @32.40 from a trend line in the daily time frame.
- Support @31.38 from a trend line in the daily time frame.
- Support @27.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 44.12 to 44.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @58.73 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 | NEUTRAL | NEUTRAL | The long term trend for IPX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IPX is down. |
| ChartMill Relative Strength | 89.72 | POSITIVE | IPX has a high relative strength, it outperformed 89.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IPX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IPX is below 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) | 40 | NEUTRAL | The RSI value for IPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.62 | NEGATIVE | The MACD value suggests IPX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.16 | OVERSOLD | The low Stochastics value suggests IPX may be oversold. |
| Average True Range in percent/ATR (20) | 7.85 | HIGH VOLATILITY | The high ATR as a percentage value for IPX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for IPX suggests a strong trend. |
40.75
+0.74 (+1.85%)
IPERIONX LTD - ADR / IPX FAQ
What is the ChartMill technical rating of IPERIONX LTD - ADR (IPX) stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
Can you provide the RSI signal for IPERIONX LTD - ADR?
IPERIONX LTD - ADR (IPX) has an RSI value of 40.002. 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 negative.
What are the support and resistance levels for IPERIONX LTD - ADR (IPX) stock?
IPERIONX LTD - ADR (IPX) has a support level at 40 and a resistance level at 44.12. Check the full technical report for our detailed analysis of IPX support and resistance levels.