ISHARES U.S. HOME CONSTRUCTI (ITB) Technical Analysis
NYSEARCA:ITB • US4642887529
Current stock price
ITB Technical Rating and Analysis
Overall ITB gets a technical rating of 4 out of 10. In the past year, ITB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month ITB has a been trading in the 87.93 - 103.24 range, which is quite wide. It is currently trading near the high of this range.
- ITB has an average volume of 2543790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ITB outperforms 42% of them, which is more or less in line with the market.
- ITB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ITB is lagging the market.
ITB Weekly and Daily overview Charts
ITB Setup Rating and Analysis
ITB 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
ITB Support and Resistance Analysis
87.39
2 important support areas can be observed.
- A support zone ranging from 95.45 to 98.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 88.27 to 89.07. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @111.28 from a trend line in the weekly time frame.
- A resistance zone ranging from 113.57 to 113.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @116.70 from a horizontal line in the daily time frame.
ITB Technical Indicator Signal Analysis
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 ITB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITB is up. |
| ChartMill Relative Strength | 42.18 | NEUTRAL | ITB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ITB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ITB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.33 | NEUTRAL | The RSI value for ITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.31 | POSITIVE | The MACD value suggests ITB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.34 | OVERBOUGHT | The high Stochastics value suggests ITB may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ITB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.04 | POSITIVE | The high ADX value value for ITB suggests a strong trend. |
ITB Chart- and CandleStick Pattern Analysis
ITB Technicals: Chart, Performance Metrics, Trend & Indicators
99.77
-0.39 (-0.39%)
ISHARES U.S. HOME CONSTRUCTI / ITB TA FAQ
What is the technical rating for ITB stock?
ChartMill assigns a technical rating of 4 / 10 to ITB.
What is the trend direction for ITB stock?
The current trend direction for ISHARES U.S. HOME CONSTRUCTI (ITB) is Bearish.
Can you provide the RSI signal for ISHARES U.S. HOME CONSTRUCTI?
ISHARES U.S. HOME CONSTRUCTI (ITB) has an RSI value of 61.3273. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ISHARES U.S. HOME CONSTRUCTI?
The MACD indicator for ISHARES U.S. HOME CONSTRUCTI (ITB) has a value of 1.31443, indicating a bullish trend.