IVERIC bio Inc (ISEE) Stock Technical Analysis
NASDAQ:ISEE - Nasdaq - US46583P1021 - Common Stock - Currency: USD
Overall ISEE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ISEE has proven to be a steady performer, scoring decent points in every aspect analyzed.
ISEE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 39.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.48, a Stop Loss order could be placed below this zone.
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36.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 39.01 to 39.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.48 to 36.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.96 to 40.27. 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 ISEE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ISEE is up. |
| ChartMill Relative Strength | 99.25 | POSITIVE | ISEE has a high relative strength, it outperformed 99.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ISEE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ISEE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ISEE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.05 | NEUTRAL | The RSI value for ISEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ISEE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 98.39 | OVERBOUGHT | The high Stochastics value suggests ISEE may be overbought. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for ISEE suggests low volalility. |
| Average Directional Index/ADX (14) | 32.85 | POSITIVE | The high ADX value value for ISEE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.28 | 39.00 | 1.28 (3.18%) | 25.00% |
| An entry @40.28. This is a Buy Stop order right above the resistance zone. | An exit @39.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.28 points, which is 3.18%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
39.95
+0.15 (+0.38%)