IT TECH PACKAGING INC (ITP) Stock Technical Analysis
NYSEARCA:ITP - NYSE Arca - US46527C2098 - Common Stock - Currency: USD
Taking everything into account, ITP scores 0 out of 10 in our technical rating. ITP'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ITP is a bad performer in the overall market: 90% of all stocks are doing better.
ITP is part of the Paper & Forest Products industry. There are 9 other stocks in this industry, of which 62% are performing better than ITP.
ITP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ITP has a been trading in the 0.17 - 0.23 range, which is quite wide. It is currently trading near the lows of this range.
ITP has an average volume of 7222140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ITP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.18
0.44
We found 1 important support area.
- Support @0.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.34 from a trend line in the daily time frame.
- Resistance @0.44 from a horizontal line in the daily 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 ITP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ITP is down. |
| ChartMill Relative Strength | 10.03 | NEGATIVE | ITP has a low relative strength, it was outperformed by 89.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ITP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ITP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ITP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.6 | NEUTRAL | The RSI value for ITP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ITP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 17.5 | OVERSOLD | The low Stochastics value suggests ITP may be oversold. |
| Average True Range in percent/ATR (20) | 9.93 | HIGH VOLATILITY | The high ATR as a percentage value for ITP suggests high volalility. |
| Average Directional Index/ADX (14) | 47.59 | POSITIVE | The high ADX value value for ITP 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)
0.1869
-0.01 (-4.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-4.15%
1 Week-1.63%
2 Weeks-6.03%
1 Month-1.63%
3 Month-23.4%
6 Month-63.92%
12 Month-19.51%
2 Year-60.24%
3 Year-84.27%
5 Year-96.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%9.93%
ATR Inc-33.3%
Range Today0.02
ADR(20)0.02
ADR(20)%8.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.03
Mansfield-3.63
10 Day High0.22
10 Day Low0.18
20 Day High0.23
20 Day Low0.17
52 Week High1.07
52 Week Low0.15
CS1 End0.18
CR1 Start0.2
Volume & EV
DER(3)-19.51%
DER(5)-12.13%
Volume261.30K
Volume Incr-73.2%
Vol(5)426.72K
Vol(50)7.22M