DAN WEDBUSH AI REV ETF (IVES) Stock Technical Analysis
NYSEARCA:IVES - NYSE Arca - US0321085732 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to IVES. In the last year, IVES was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
IVES is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so IVES is lagging the market.
Warning: IVES has an average volume of 1104 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!
Looking at the yearly performance, IVES did better than 81% of all other stocks. On top of that, IVES also shows a nice and consistent pattern of rising prices.
IVES is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Although IVES has an excellent technical rating, it does not present a decent entry opportunity 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
25.48
50.40
We can see 5 important resistance areas.
- Resistance @37.48 from a trend line in the weekly time frame.
- A resistance zone ranging from 42.39 to 42.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 43.35 to 43.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.18 from a trend line in the weekly time frame.
- A resistance zone ranging from 46.93 to 49.90. This zone is formed by a combination of multiple trend lines and important moving averages 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 IVES is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IVES is up. |
| ChartMill Relative Strength | 81.84 | POSITIVE | IVES has a high relative strength, it outperformed 81.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IVES is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IVES is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IVES is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.5 | NEUTRAL | The RSI value for IVES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IVES has a negative trend. |
| Stochastics (14,3) | 81.65 | OVERBOUGHT | The high Stochastics value suggests IVES may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for IVES suggests low volalility. |
| Average Directional Index/ADX (14) | 12.5 | NEGATIVE | The low ADX value for IVES suggests a weak or negative 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)
25.74
-0.43 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.64%
1 Week-1.22%
2 Weeks1.87%
1 Month4.56%
3 Month7.43%
6 Month16.22%
12 Month47.1%
2 Year74.79%
3 Year-8.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%1.68%
ATR Inc-61.8%
Range Today0.4
ADR(20)0.59
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.84
Mansfield-0.08
10 Day High50
10 Day Low44.98
20 Day High50
20 Day Low44.9
52 Week High50
52 Week Low32.49
CS1 End49.17
CR1 Start49.9
Volume & EV
DER(3)0%
DER(5)0%
Volume826.70K
Volume Incr-80.95%
Vol(5)400
Vol(50)1.10K