ISHARES U.S. HOME CONSTRUCTI (ITB) Stock Technical Analysis
USA - NYSEARCA:ITB - US4642887529 - ETF
108.26 USD
+0.13 (+0.12%)
108.26 USD
0 (0%)
Taking everything into account, ITB scores 3 out of 10 in our technical rating. In the last year, ITB was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
65% of all other stocks performed better in the past year than ITB.
ITB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ITB has an average volume of 2669880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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.
Considerably lower volume is observed in the last couple of days.
ITB has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 107.97, a Stop Loss order could be placed below this zone.
More info and screens
86.41
117.87
When analyzing the support we can see 4 important areas.
- A support zone ranging from 105.50 to 107.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.86 from a horizontal line in the daily time frame.
- Support @91.09 from a trend line in the daily time frame.
- Support @87.28 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 115.60 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 | UP | POSITIVE | The long term trend for ITB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ITB is down. |
| ChartMill Relative Strength | 35.86 | NEUTRAL | ITB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ITB is below a declining 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) | DOWN | MIXED | The current price of ITB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.19 | NEUTRAL | The RSI value for ITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests ITB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.57 | NEUTRAL | The Stochastics value for ITB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ITB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.27 | NEGATIVE | The low ADX value for ITB suggests a weak or negative 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)
108.26
+0.13 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.12%
1 Week2.62%
2 Weeks-2.2%
1 Month-5.18%
3 Month12.35%
6 Month16.97%
12 Month-12.5%
2 Year47.25%
3 Year92.36%
5 Year108.11%
10 Year298.16%
15 Year852.16%
Volatility
ATR(14)2.23
ATR(20)%2.23%
ATR Inc-41.23%
Range Today1.56
ADR(20)2.23
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.86
Mansfield-0.67
10 Day High110.36
10 Day Low105.4
20 Day High118
20 Day Low105.4
52 Week High129.89
52 Week Low82.71
CS1 End107.97
CR1 Start115.6
Volume & EV
DER(3)2.86%
DER(5)2.95%
Volume1.28M
Volume Incr-38.31%
Vol(5)1.50M
Vol(50)2.67M