ISHARES U.S. HOME CONSTRUCTI (ITB) Stock Technical Analysis
USA - NYSEARCA:ITB - US4642887529 - ETF
We assign a technical rating of 0 out of 10 to ITB. ITB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ITB has a poor technical rating and the quality of the setup is also only medium 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
3 important support areas can be observed.
- Support @97.41 from a horizontal line in the daily time frame.
- Support @93.86 from a horizontal line in the daily time frame.
- Support @89.07 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 99.54 to 99.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 101.76 to 103.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 105.70 to 106.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @113.95 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for ITB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ITB is down. |
| ChartMill Relative Strength | 18.95 | NEGATIVE | ITB has a low relative strength, it was outperformed by 81.05% off all stocks 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) | DOWN | NEGATIVE | The current price of ITB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ITB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.09 | NEUTRAL | The RSI value for ITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests ITB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.45 | OVERSOLD | The low Stochastics value suggests ITB may be oversold. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for ITB suggests some volalility. |
| Average Directional Index/ADX (14) | 25.79 | POSITIVE | The high ADX value value for ITB suggests a strong trend. |
98.84
+0.16 (+0.16%)
ISHARES U.S. HOME CONSTRUCTI / ITB FAQ
What is the technical rating for ITB stock?
ChartMill assigns a technical rating of 0 / 10 to ITB.
What is the current trend direction of ISHARES U.S. HOME CONSTRUCTI (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 36.0879. 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 -0.222137, indicating a bearish trend.
Can you provide the buy/sell signal for ISHARES U.S. HOME CONSTRUCTI?
The buy/sell signal for ISHARES U.S. HOME CONSTRUCTI (ITB) is sell as both the short term and long term trends are negative.