IT TECH PACKAGING INC (ITP) Technical Analysis
NYSEARCA:ITP • US46527C2098
Overall ITP gets a technical rating of 0 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ITP is a bad performer in the overall market: 91% 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 100% 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 0.16 - 0.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ITP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.20. Right above this resistance zone may be a good entry point.
More info and screens
0.19
When analyzing the resistance we notice 4 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 multiple time frames.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.23 from a trend line in the daily time frame.
- Resistance @0.24 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 | 9.3 | NEGATIVE | ITP has a low relative strength, it was outperformed by 90.7% 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) | UP | MIXED | The current price of ITP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.85 | NEUTRAL | The RSI value for ITP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ITP has a negative trend. |
| Stochastics (14,3) | 36.96 | NEUTRAL | The Stochastics value for ITP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.91 | HIGH VOLATILITY | The high ATR as a percentage value for ITP suggests high volalility. |
| Average Directional Index/ADX (14) | 15.01 | NEGATIVE | The low ADX value for ITP suggests a weak or negative trend. |
ITP Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:ITP (3/4/2026, 1:23:03 PM)
0.1903
+0 (+2.59%)
IT TECH PACKAGING INC / ITP 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 35.85. 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 -0.000557557, 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.