Taking everything into account, ITB scores 4 out of 10 in our technical rating. In the past year, ITB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 68% of all other stocks performed better in the past year than ITB.
- ITB has an average volume of 2630360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- In the last month ITB has a been trading in the 95.59 - 110.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ITB has an average technical rating and the quality of the presented setup is also not ideal 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
88.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 96.39 to 98.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 93.66 to 94.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @89.07 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 102.78 to 105.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 108.61 to 110.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 116.70 to 116.70. 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 | NEUTRAL | NEUTRAL | The long term trend for ITB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ITB is neutral. |
| ChartMill Relative Strength | 32.21 | NEUTRAL | ITB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ITB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ITB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ITB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.11 | NEUTRAL | The RSI value for ITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests ITB has a negative trend. |
| Stochastics (14,3) | 27.29 | NEUTRAL | The Stochastics value for ITB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for ITB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.87 | NEGATIVE | The low ADX value for ITB suggests a weak or negative trend. |
102.03
-1.45 (-1.4%)
ISHARES U.S. HOME CONSTRUCTI / ITB 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.
What is the RSI signal for ISHARES U.S. HOME CONSTRUCTI (ITB) stock?
ISHARES U.S. HOME CONSTRUCTI (ITB) has an RSI value of 46.1082. This indicates that the stock is currently neutral.
What is the short term momentum for ITB stock?
The short term momentum for ISHARES U.S. HOME CONSTRUCTI (ITB) is neutral.
What are the support and resistance levels for ISHARES U.S. HOME CONSTRUCTI (ITB) stock?
ISHARES U.S. HOME CONSTRUCTI (ITB) has a support level at 98.52 and a resistance level at 102.78. Check the full technical report for our detailed analysis of ITB support and resistance levels.