ITURAN LOCATION AND CONTROL (ITRN) Stock Technical Analysis
NASDAQ:ITRN - Nasdaq - IL0010818685 - Common Stock - Currency: USD
Taking everything into account, ITRN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ITRN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ITRN did better than 89% of all other stocks. On top of that, ITRN also shows a nice and consistent pattern of rising prices.
ITRN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ITRN is lagging the market slightly.
In the last month ITRN has a been trading in the 38.27 - 42.89 range, which is quite wide. It is currently trading near the high of this range.
ITRN is an average performer in the Communications Equipment industry, it outperforms 63% of 48 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ITRN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
24.00
43.03
5 important support areas can be observed.
- A support zone ranging from 38.48 to 39.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.87 from a trend line in the weekly time frame.
- Support @35.95 from a trend line in the daily time frame.
- 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 found 1 important resistance area.
- Resistance @42.60 from a horizontal line 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 | 89.09 | POSITIVE | ITRN has a high relative strength, it outperformed 89.09% 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) | 66.68 | NEUTRAL | The RSI value for ITRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests ITRN has a positive trend. |
| Stochastics (14,3) | 80.57 | OVERBOUGHT | The high Stochastics value suggests ITRN may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for ITRN suggests some volalility. |
| Average Directional Index/ADX (14) | 32.11 | 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 |
|---|---|---|---|
| 42.61 | 38.51 | 4.10 (9.62%) | 10.39% |
| An entry @42.61. This is a Buy Stop order right above the resistance zone. | An exit @38.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.10 points, which is 9.62%. | For a 1.00% total portfolio risk, you can invest 10.39% 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.
42.59
+1.29 (+3.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg3.11%
1 Week6.37%
2 Weeks7.06%
1 Month10.28%
3 Month12.61%
6 Month19.7%
12 Month57.51%
2 Year40.65%
3 Year71.32%
5 Year193.72%
10 Year76.21%
15 Year216.65%
Volatility
ATR(14)1.28
ATR(20)%2.7%
ATR Inc-3.17%
Range Today1.31
ADR(20)1.13
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.09
Mansfield1.54
10 Day High42.89
10 Day Low38.52
20 Day High42.89
20 Day Low38.27
52 Week High45.43
52 Week Low25.87
CS1 End39.2
CR1 Start42.6
Volume & EV
DER(3)-1.95%
DER(5)-0.48%
Volume75.34K
Volume Incr-1.99%
Vol(5)77.33K
Vol(50)87.06K