ITURAN LOCATION AND CONTROL (ITRN) Stock Technical Analysis
NASDAQ:ITRN - Nasdaq - IL0010818685 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to ITRN. ITRN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ITRN did better than 86% of all other stocks. We also observe that the gains produced by ITRN over the past year are nicely spread over this period.
ITRN is part of the Communications Equipment industry. There are 48 other stocks in this industry, ITRN did better than 55% of them.
ITRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ITRN is lagging the market.
In the last month ITRN has a been trading in the 35.26 - 40.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ITRN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 37.74, a Stop Loss order could be placed below this zone.
More info and screens
24.00
40.17
4 important support areas can be observed.
- A support zone ranging from 37.02 to 37.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.56 to 35.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.19 from a horizontal line in the daily time frame.
- Support @24.24 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 39.02 to 39.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.77 from a trend 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 | UP | POSITIVE | The short term trend for ITRN is up. |
| ChartMill Relative Strength | 86.18 | POSITIVE | ITRN has a high relative strength, it outperformed 86.18% 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) | 55.47 | NEUTRAL | The RSI value for ITRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ITRN has a negative trend. |
| Stochastics (14,3) | 29.74 | NEUTRAL | The Stochastics value for ITRN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for ITRN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.25 | POSITIVE | The high ADX value value for ITRN suggests a strong 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)
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 |
|---|---|---|---|
| 39.12 | 38.38 | 0.74 (1.90%) | 25.00% |
| An entry @39.12. This is a Buy Stop order right above the resistance zone. | An exit @38.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.74 points, which is 1.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.48%. |
- The distance between exit and entry is rather small compared to the average daily movement of ITRN. Please evaluate whether better entry and exit points can be found.
- 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.
38.82
-0.04 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.1%
1 Week-1.27%
2 Weeks-0.03%
1 Month9.08%
3 Month11.3%
6 Month14.68%
12 Month46.55%
2 Year39.59%
3 Year52.83%
5 Year193.42%
10 Year51.35%
15 Year168.84%
Volatility
ATR(14)1.04
ATR(20)%2.56%
ATR Inc-30.24%
Range Today0.62
ADR(20)0.96
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.18
Mansfield0.93
10 Day High40.99
10 Day Low38.39
20 Day High40.99
20 Day Low35.26
52 Week High45.43
52 Week Low25.09
CS1 End37.74
CR1 Start39.02
Volume & EV
DER(3)-3.54%
DER(5)-1.95%
Volume43.30K
Volume Incr-25.28%
Vol(5)64.34K
Vol(50)89.57K