ISHARES S&P 500 VALUE ETF (IVE) Stock Technical Analysis
NYSEARCA:IVE - NYSE Arca - US4642874089 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to IVE. IVE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
IVE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 190.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 189.76, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IVE 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.
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170.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 184.78 to 189.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @175.67 from a trend line in the weekly time frame.
- Support @172.66 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 190.25 to 196.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @200.77 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 | NEUTRAL | NEUTRAL | The long term trend for IVE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IVE is up. |
| ChartMill Relative Strength | 48.89 | NEUTRAL | IVE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IVE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IVE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.68 | NEUTRAL | The RSI value for IVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests IVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.92 | NEUTRAL | The Stochastics value for IVE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for IVE suggests low volalility. |
| Average Directional Index/ADX (14) | 12.2 | NEGATIVE | The low ADX value for IVE suggests a weak or negative trend. |
190.05
-0.55 (-0.29%)