IT TECH PACKAGING INC (ITP) Technical Analysis
NYSEARCA:ITP • US46527C2098
Current stock price
ITP Technical Rating and Analysis
Overall ITP gets a technical rating of 1 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, ITP is a bad performer in the overall market: 88% of all stocks are doing better.
- 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 - 0.33 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ITP has an average volume of 1586420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ITP is an average performer in the Paper & Forest Products industry, it outperforms 62% of 9 stocks in the same industry.
ITP Weekly and Daily overview Charts
ITP Setup Rating and Analysis
The technical rating of ITP is bad and it also does not present a quality setup 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
ITP Support and Resistance Analysis
0.19
We found 1 important resistance area.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
ITP Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for ITP is neutral. |
| ChartMill Relative Strength | 12.57 | NEGATIVE | ITP has a low relative strength, it was outperformed by 87.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ITP is below the rising 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) | UP | MIXED | The current price of ITP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.92 | 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) | 16.48 | OVERSOLD | The low Stochastics value suggests ITP may be oversold. |
| Average True Range in percent/ATR (20) | 12.43 | HIGH VOLATILITY | The high ATR as a percentage value for ITP suggests high volalility. |
| Average Directional Index/ADX (14) | 38.44 | POSITIVE | The high ADX value value for ITP suggests a strong trend. |
ITP Chart- and CandleStick Pattern Analysis
ITP Technicals: Chart, Performance Metrics, Trend & Indicators
0.1911
-0.02 (-7.41%)
IT TECH PACKAGING INC / ITP TA FAQ
What is the technical rating for ITP stock?
ChartMill assigns a technical rating of 1 / 10 to ITP.
Can you provide the trend direction for IT TECH PACKAGING INC?
The current trend direction for IT TECH PACKAGING INC (ITP) is Bearish.
What is the RSI signal for ITP stock?
IT TECH PACKAGING INC (ITP) has an RSI value of 46.9227. This indicates that the stock is currently neutral.
What is the MACD signal for IT TECH PACKAGING INC (ITP) stock?
The MACD indicator for IT TECH PACKAGING INC (ITP) has a value of 0.000462121, indicating a bearish trend.
Can you provide the support and resistance levels for IT TECH PACKAGING INC?
IT TECH PACKAGING INC (ITP) has a resistance level at 0.21. Check the full technical report for our detailed analysis of ITP support and resistance levels.