IMPAX LABORATORIES INC (IPXL) Stock Technical Analysis
NASDAQ:IPXL - Nasdaq - US45256B1017
Taking everything into account, IPXL scores 4 out of 10 in our technical rating. Although IPXL 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.
In the last month IPXL has a been trading in the 17.40 - 20.80 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that IPXL is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, IPXL also shows a nice and consistent pattern of rising prices.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
IPXL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IPXL is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, IPXL does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for IPXL in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.12
20.71
2 important support areas can be observed.
- Support @18.29 from a horizontal line in the weekly time frame.
- Support @17.29 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @18.45 from a trend line in the weekly time frame.
- A resistance zone ranging from 19.17 to 19.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.60 to 20.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for IPXL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IPXL is neutral. |
| ChartMill Relative Strength | 79.03 | POSITIVE | IPXL has a high relative strength, it outperformed 79.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IPXL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IPXL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IPXL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.39 | NEUTRAL | The RSI value for IPXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests IPXL has a negative trend. |
| Stochastics (14,3) | 36.5 | NEUTRAL | The Stochastics value for IPXL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for IPXL suggests some volalility. |
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)
18.3
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-3.68%
2 Weeks-8.04%
1 Month-3.43%
3 Month-5.67%
6 Month-1.35%
12 Month38.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%4.73%
ATR Inc134.42%
Range Today1.55
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.03
Mansfield-0.48
10 Day High20.8
10 Day Low17.4
20 Day High20.8
20 Day Low17.4
52 Week High25.7
52 Week Low13.05
CS1 End18.29
CR1 Start18.45
Volume & EV
DER(3)10.39%
DER(5)7.79%
Volume3.04M
Volume Incr135.32%
Vol(5)1.58M
Vol(50)936.97K