The Intertain Group Limited (ITX.CA) Stock Technical Analysis
TSX:ITX -
11.95
+0.3 (+2.58%)
We assign a technical rating of 6 out of 10 to ITX. Although ITX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: ITX has an average volume of 10006 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, ITX outperforms 56% of them, which is more or less in line with the market.
ITX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ITX is lagging the market.
In the last month ITX has a been trading in the 10.50 - 12.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, ITX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 11.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ITX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.39
13.34
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.45 to 11.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.08 to 11.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.69 to 10.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.49 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @12.44 from a trend line in the weekly time frame.
- A resistance zone ranging from 13.17 to 13.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ITX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITX.CA is up. |
| ChartMill Relative Strength | 56.54 | NEUTRAL | ITX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ITX.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ITX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.39 | NEUTRAL | The RSI value for ITX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ITX.CA has a positive trend. |
| Stochastics (14,3) | 57.7 | NEUTRAL | The Stochastics value for ITX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for ITX.CA suggests some volalility. |
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 |
|---|---|---|---|
| 12.45 | 11.44 | 1.01 (8.11%) | 12.33% |
| An entry @12.45. This is a Buy Stop order right above the resistance zone. | An exit @11.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.01 points, which is 8.11%. | For a 1.00% total portfolio risk, you can invest 12.33% 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.
TSX:ITX (1/13/2020, 9:21:16 PM)
11.95
+0.3 (+2.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.58%
1 Week6.51%
2 Weeks3.73%
1 Month13.81%
3 Month-0.83%
6 Month8.14%
12 Month8.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%3.97%
ATR Inc-21.95%
Range Today0.14
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.54
Mansfield-0.73
10 Day High12.63
10 Day Low10.51
20 Day High12.63
20 Day Low10.5
52 Week High13.5
52 Week Low9.5
CS1 End11.85
CR1 Start12.44
Volume & EV
DER(3)12.08%
DER(5)8.26%
Volume1.97K
Volume Incr-51.24%
Vol(5)6.47K
Vol(50)10.01K