INFLECTION POINT ACQUIS-CL A (IPXX) Stock Technical Analysis
NASDAQ:IPXX - Nasdaq - KYG4790U1022 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to IPXX. IPXX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, IPXX is a bad performer in the overall market: 68% of all stocks are doing better.
IPXX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month IPXX has a been trading in the 9.24 - 15.25 range, which is quite wide. It is currently trading near the lows of this range.
Warning: IPXX has an average volume of 16680 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Volume is considerably higher in the last couple of days.
IPXX has a poor technical rating and the quality of the setup is also only medium 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
10.44
13.50
When analyzing the support we notice one important area.
- A support zone ranging from 10.55 to 10.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @12.93 from a trend line in the daily time frame.
- Resistance @13.37 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 IPXX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IPXX is neutral. |
| ChartMill Relative Strength | 32.96 | NEUTRAL | IPXX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IPXX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IPXX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IPXX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.32 | NEUTRAL | The RSI value for IPXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IPXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 21.58 | NEUTRAL | The Stochastics value for IPXX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.8 | HIGH VOLATILITY | The high ATR as a percentage value for IPXX suggests high volalility. |
| Average Directional Index/ADX (14) | 22.93 | NEUTRAL | The ADX value for IPXX 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)
10.785
-0.21 (-1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.95%
1 Week0.79%
2 Weeks-2.49%
1 Month-10.75%
3 Month-14.4%
6 Month0.7%
12 Month3.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%8.8%
ATR Inc168.22%
Range Today2.26
ADR(20)0.87
ADR(20)%8.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.96
Mansfield-0.46
10 Day High15.25
10 Day Low9.24
20 Day High15.25
20 Day Low9.24
52 Week High15.25
52 Week Low9.24
CS1 End10.78
CR1 Start12.93
Volume & EV
DER(3)-6.72%
DER(5)-1.4%
Volume37.00K
Volume Incr23.15%
Vol(5)33.06K
Vol(50)16.68K