ISHARES GLOBAL ENERGY ETF (IXC) Technical Analysis
NYSEARCA:IXC • US4642873412
Current stock price
IXC Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to IXC. In the last year, IXC was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month IXC has a been trading in the 51.34 - 59.18 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, IXC did better than 80% of all other stocks. We also observe that the gains produced by IXC over the past year are nicely spread over this period.
- IXC has an average volume of 1102370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- IXC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IXC is lagging the market.
IXC Weekly and Daily overview Charts
IXC Setup Rating and Analysis
Although IXC 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
IXC Support and Resistance Analysis
39.06
We found 5 important support areas.
- A support zone ranging from 52.13 to 52.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.32 from a trend line in the weekly time frame.
- A support zone ranging from 41.80 to 41.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 40.25 to 40.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.45 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.27 to 58.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
IXC Technical Indicator Signal Analysis
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 IXC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IXC is down. |
| ChartMill Relative Strength | 80.45 | POSITIVE | IXC has a high relative strength, it outperformed 80.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IXC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IXC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IXC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.11 | NEUTRAL | The RSI value for IXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests IXC has a negative trend. |
| Stochastics (14,3) | 11.83 | OVERSOLD | The low Stochastics value suggests IXC may be oversold. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for IXC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.96 | POSITIVE | The high ADX value value for IXC suggests a strong trend. |
IXC Chart- and CandleStick Pattern Analysis
IXC Technicals: Chart, Performance Metrics, Trend & Indicators
52.63
-1.76 (-3.24%)
ISHARES GLOBAL ENERGY ETF / IXC TA FAQ
What is the ChartMill technical rating of ISHARES GLOBAL ENERGY ETF (IXC) stock?
ChartMill assigns a technical rating of 8 / 10 to IXC.
Can you provide the trend direction for ISHARES GLOBAL ENERGY ETF?
The current trend direction for ISHARES GLOBAL ENERGY ETF (IXC) is Bullish.
What is the RSI signal for ISHARES GLOBAL ENERGY ETF (IXC) stock?
ISHARES GLOBAL ENERGY ETF (IXC) has an RSI value of 39.1098. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ISHARES GLOBAL ENERGY ETF?
The short term momentum for ISHARES GLOBAL ENERGY ETF (IXC) is negative.
What are the support and resistance levels for ISHARES GLOBAL ENERGY ETF (IXC) stock?
ISHARES GLOBAL ENERGY ETF (IXC) has a support level at 52.62 and a resistance level at 58.27. Check the full technical report for our detailed analysis of IXC support and resistance levels.