ISHARES U.S. HOME CONSTRUCTI (ITB) Stock Technical Analysis
NYSEARCA:ITB - US4642887529 - ETF
110.7 USD
0 (0%)
110.6 USD
-0.1 (-0.09%)
Taking everything into account, ITB scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ITB is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
ITB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
ITB has an average volume of 3283040 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 58% 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.
Besides having an excellent technical rating, ITB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 111.23. Right above this resistance zone may be a good entry point.
More info and screens
84.66
114.05
We found 5 important support areas.
- Support @104.20 from a trend line in the daily time frame.
- A support zone ranging from 93.86 to 95.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @92.24 from a trend line in the weekly time frame.
- Support @87.28 from a horizontal line in the daily time frame.
- Support @85.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 111.23 to 112.92. 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 | UP | POSITIVE | The short term trend for ITB is up. |
| ChartMill Relative Strength | 58.4 | 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) | 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) | 61.79 | NEUTRAL | The RSI value for ITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ITB has a negative trend. |
| Stochastics (14,3) | 74.34 | NEUTRAL | The Stochastics value for ITB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ITB suggests some volalility. |
| Average Directional Index/ADX (14) | 34.52 | POSITIVE | The high ADX value value for ITB suggests a strong 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)
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 |
|---|---|---|---|
| 112.93 | 105.97 | 6.96 (6.16%) | 16.23% |
| An entry @112.93. This is a Buy Stop order right above the resistance zone. | An exit @105.97. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.96 points, which is 6.16%. | For a 1.00% total portfolio risk, you can invest 16.23% 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.
110.7
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-1.97%
2 Weeks0.99%
1 Month10.69%
3 Month23.71%
6 Month12%
12 Month-8.5%
2 Year28.36%
3 Year97.54%
5 Year102.86%
10 Year298.92%
15 Year907.28%
Volatility
ATR(14)2.71
ATR(20)%2.29%
ATR Inc-42.53%
Range Today1.29
ADR(20)2.35
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.4
Mansfield-0.38
10 Day High113.66
10 Day Low105.98
20 Day High113.66
20 Day Low99.99
52 Week High129.89
52 Week Low82.71
CS1 End104.2
CR1 Start111.23
Volume & EV
DER(3)0.97%
DER(5)-1.31%
Volume910.10K
Volume Incr-47.11%
Vol(5)1.75M
Vol(50)3.28M