ITURAN LOCATION AND CONTROL (ITRN) Stock Technical Analysis
NASDAQ:ITRN - Nasdaq - IL0010818685 - Common Stock - Currency: USD
Taking everything into account, ITRN scores 7 out of 10 in our technical rating. In the last year, ITRN was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ITRN is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ITRN is an average performer in the Communications Equipment industry, it outperforms 58% of 49 stocks in the same industry.
ITRN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ITRN is lagging the market slightly.
In the last month ITRN has a been trading in the 34.09 - 39.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ITRN has an excellent technical rating, but the quality of the setup is 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
24.00
39.64
When analyzing the support we can see 7 important areas.
- A support zone ranging from 36.74 to 37.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.15 to 36.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.39 from a trend line in the daily time frame.
- Support @32.74 from a horizontal line in the weekly time frame.
- Support @32.19 from a horizontal line in the daily time frame.
- Support @30.32 from a trend line in the weekly time frame.
- Support @24.24 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @39.25 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 | UP | POSITIVE | The long term trend for ITRN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ITRN is neutral. |
| ChartMill Relative Strength | 82.74 | POSITIVE | ITRN has a high relative strength, it outperformed 82.74% 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) | DOWN | MIXED | The current price of ITRN is above a declining 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) | 54.52 | NEUTRAL | The RSI value for ITRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ITRN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.15 | NEUTRAL | The Stochastics value for ITRN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for ITRN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.06 | NEUTRAL | The ADX value for ITRN suggests a possible start of a new 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)
37.37
-1.87 (-4.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-4.77%
1 Week-1.63%
2 Weeks-0.08%
1 Month6.95%
3 Month-10.77%
6 Month23.91%
12 Month34.96%
2 Year63.62%
3 Year49.12%
5 Year118.41%
10 Year60.73%
15 Year166.55%
Volatility
ATR(14)1.3
ATR(20)%3.27%
ATR Inc232.96%
Range Today3.1
ADR(20)1.14
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.74
Mansfield1.76
10 Day High39.37
10 Day Low35.06
20 Day High39.37
20 Day Low34.09
52 Week High45.43
52 Week Low24.12
CS1 End37.24
CR1 Start39.25
Volume & EV
DER(3)-1.54%
DER(5)-2.41%
Volume205.20K
Volume Incr66.71%
Vol(5)118.18K
Vol(50)93.46K