ISHARES CORE S&P 500 ETF (IVV) Stock Technical Analysis
NYSEARCA:IVV - NYSE Arca - US4642872000 - ETF - Currency: USD
Taking everything into account, IVV scores 8 out of 10 in our technical rating. Although IVV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
IVV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
IVV has an average volume of 6098720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, IVV did better than 72% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month IVV has a been trading in a tight range between 594.71 and 629.87.
Considerably lower volume is observed in the last couple of days.
IVV 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 a resistance zone just above the current price starting at 628.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 626.02, a Stop Loss order could be placed below this zone.
More info and screens
492.55
635.15
5 important support areas can be observed.
- A support zone ranging from 625.04 to 626.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 596.65 to 602.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @576.82 from a horizontal line in the daily time frame.
- Support @526.62 from a trend line in the weekly time frame.
- Support @497.53 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 628.18 to 628.86. 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 IVV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IVV is up. |
| ChartMill Relative Strength | 72.14 | POSITIVE | IVV has a high relative strength, it outperformed 72.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IVV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IVV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IVV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.85 | NEUTRAL | The RSI value for IVV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests IVV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.77 | OVERBOUGHT | The high Stochastics value suggests IVV may be overbought. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for IVV suggests low volalility. |
| Average Directional Index/ADX (14) | 27.68 | POSITIVE | The high ADX value value for IVV 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 |
|---|---|---|---|
| 628.87 | 625.03 | 3.84 (0.61%) | 25.00% |
| An entry @628.87. This is a Buy Stop order right above the resistance zone. | An exit @625.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.84 points, which is 0.61%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The distance between exit and entry is rather small compared to the average daily movement of IVV. 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.
627.74
+1.3 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.21%
1 Week0.63%
2 Weeks1.66%
1 Month3.5%
3 Month18.74%
6 Month4.58%
12 Month13.73%
2 Year36.41%
3 Year51.53%
5 Year91.49%
10 Year196.44%
15 Year467.12%
Volatility
ATR(14)4.65
ATR(20)%0.83%
ATR Inc-25.63%
Range Today3.39
ADR(20)4.53
ADR(20)%0.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.14
Mansfield0
10 Day High629.87
10 Day Low617.99
20 Day High629.87
20 Day Low594.71
52 Week High629.87
52 Week Low484
CS1 End626.02
CR1 Start628.18
Volume & EV
DER(3)-2%
DER(5)-0.79%
Volume2.59M
Volume Incr-59.02%
Vol(5)3.12M
Vol(50)6.10M