ISHARES GLOBAL ENERGY ETF (IXC) Stock Technical Analysis
NYSEARCA:IXC - NYSE Arca - US4642873412 - ETF - Currency: USD
Overall IXC gets a technical rating of 6 out of 10. In the last year, IXC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, IXC is a bad performer in the overall market: 64% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
IXC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IXC is performing more or less in line with the market.
In the last month IXC has a been trading in the 37.46 - 41.33 range, which is quite wide. It is currently trading near the high of this range.
IXC has an average technical rating and the quality of the presented setup is also not ideal 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
39.94
43.49
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 41.12 to 41.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 42.81 to 43.06. 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 | NEUTRAL | NEUTRAL | The long term trend for IXC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IXC is up. |
| ChartMill Relative Strength | 36.91 | NEUTRAL | IXC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IXC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IXC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IXC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.55 | NEUTRAL | The RSI value for IXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests IXC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.95 | NEUTRAL | The Stochastics value for IXC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for IXC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.38 | NEUTRAL | The ADX value for IXC suggests a possible start of a new 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 |
|---|---|---|---|
| 41.34 | 38.22 | 3.12 (7.56%) | 13.23% |
| An entry @41.34. This is a Buy Stop order right above the 10 day high. | An exit @38.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.12 points, which is 7.56%. | For a 1.00% total portfolio risk, you can invest 13.23% 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.
40.34
-0.32 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.79%
1 Week0.42%
2 Weeks5.49%
1 Month4.75%
3 Month-2.49%
6 Month8.41%
12 Month-0.35%
2 Year8.38%
3 Year19.07%
5 Year106.45%
10 Year15.32%
15 Year37.91%
Volatility
ATR(14)0.69
ATR(20)%1.56%
ATR Inc-1.78%
Range Today0.65
ADR(20)0.53
ADR(20)%1.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.91
Mansfield-0.36
10 Day High41.33
10 Day Low38.23
20 Day High41.33
20 Day Low37.46
52 Week High43.29
52 Week Low33.89
CS1 EndN/A
CR1 Start41.12
Volume & EV
DER(3)-0.84%
DER(5)-1.43%
Volume519.70K
Volume Incr55.7%
Vol(5)431.52K
Vol(50)359.56K