ITURAN LOCATION AND CONTROL (ITRN) Stock Technical Analysis
USA - NASDAQ:ITRN - IL0010818685 - Common Stock
Taking everything into account, ITRN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ITRN is showing a nice and steady performance.
ITRN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.61, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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5 important support areas can be observed.
- A support zone ranging from 37.05 to 37.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.42 from a trend line in the weekly time frame.
- A support zone ranging from 34.69 to 34.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @33.71 from a horizontal line in the weekly time frame.
- Support @32.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.88 to 42.20. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ITRN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITRN is up. |
| ChartMill Relative Strength | 80.37 | POSITIVE | ITRN has a high relative strength, it outperformed 80.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ITRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ITRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.64 | NEUTRAL | The RSI value for ITRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ITRN has a positive trend. |
| Stochastics (14,3) | 76.56 | NEUTRAL | The Stochastics value for ITRN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ITRN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.37 | NEUTRAL | The ADX value for ITRN suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.45 | 37.28 | 2.17 (5.50%) | 18.18% |
| An entry @39.45. This is a Buy Stop order right above the 10 day high. | An exit @37.28. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.17 points, which is 5.50%. | For a 1.00% total portfolio risk, you can invest 18.18% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+0.8 (+2.08%)
ITURAN LOCATION AND CONTROL / ITRN FAQ
Can you provide the ChartMill technical rating for ITURAN LOCATION AND CONTROL?
ChartMill assigns a technical rating of 10 / 10 to ITRN.
What is the current trend direction of ITURAN LOCATION AND CONTROL (ITRN) stock?
The current trend direction for ITURAN LOCATION AND CONTROL (ITRN) is Bullish.
What is the RSI signal for ITURAN LOCATION AND CONTROL (ITRN) stock?
ITURAN LOCATION AND CONTROL (ITRN) has an RSI value of 64.6442. This indicates that the stock is currently neutral.
What is the MACD signal for ITRN stock?
The MACD indicator for ITURAN LOCATION AND CONTROL (ITRN) has a value of 0.0871957, indicating a bearish trend.
Can you provide the buy/sell signal for ITURAN LOCATION AND CONTROL?
The buy/sell signal for ITURAN LOCATION AND CONTROL (ITRN) is buy as both the short term and long term trends are positive.