IT TECH PACKAGING INC (ITP) Technical Analysis
NYSEARCA:ITP • US46527C2098
Current stock price
ITP Technical Rating and Analysis
Taking everything into account, ITP scores 0 out of 10 in our technical rating. ITP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 89% of all other stocks performed better in the past year than ITP.
- ITP is one of the lesser performing stocks in the Paper & Forest Products industry. 62% of 9 stocks in the same industry do better.
- ITP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ITP is lagging the market.
- In the last month ITP has a been trading in the 0.16 - 0.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ITP Weekly and Daily overview Charts
ITP Setup Rating and Analysis
ITP 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
ITP Support and Resistance Analysis
0.18
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.22 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for ITP is down. |
| ChartMill Relative Strength | 11.71 | NEGATIVE | ITP has a low relative strength, it was outperformed by 88.29% 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) | 41.06 | 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) | 38.59 | NEUTRAL | The Stochastics value for ITP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.59 | HIGH VOLATILITY | The high ATR as a percentage value for ITP suggests high volalility. |
| Average Directional Index/ADX (14) | 30.1 | 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
0.1786
0 (-1.81%)
IT TECH PACKAGING INC / ITP TA FAQ
What is the technical rating for ITP stock?
ChartMill assigns a technical rating of 0 / 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.
Can you provide the RSI signal for IT TECH PACKAGING INC?
IT TECH PACKAGING INC (ITP) has an RSI value of 41.063. This indicates that the stock is currently neutral.
What is the MACD signal for ITP stock?
The MACD indicator for IT TECH PACKAGING INC (ITP) has a value of 0.000445153, indicating a bearish trend.
Can you provide the short term momentum for IT TECH PACKAGING INC?
The short term momentum for IT TECH PACKAGING INC (ITP) is negative.