ISHARES GLOBAL ENERGY ETF (IXC) Technical Analysis
NYSEARCA:IXC • US4642873412
Current stock price
IXC Technical Rating and Analysis
Taking everything into account, IXC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, IXC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by IXC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so IXC is leading the market.
- In the last month IXC has a been trading in the 48.89 - 54.55 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that IXC is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 51.95 to 52.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @42.77 from a trend line in the weekly time frame.
- A support zone ranging from 40.25 to 41.97. 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.
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 | UP | POSITIVE | The short term trend for IXC is up. |
| ChartMill Relative Strength | 87.92 | POSITIVE | IXC has a high relative strength, it outperformed 87.92% off all stocks 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) | UP | POSITIVE | The current price of IXC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.13 | OVERBOUGHT | The high RSI value suggests IXC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests IXC has a positive trend. |
| Stochastics (14,3) | 92.45 | OVERBOUGHT | The high Stochastics value suggests IXC may be overbought. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for IXC suggests low volalility. |
| Average Directional Index/ADX (14) | 45.6 | 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
54.37
+0.34 (+0.63%)
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 9 / 10 to IXC.
What is the trend direction for IXC stock?
The current trend direction for ISHARES GLOBAL ENERGY ETF (IXC) is Bullish.
Can you provide the RSI signal for ISHARES GLOBAL ENERGY ETF?
ISHARES GLOBAL ENERGY ETF (IXC) has an RSI value of 75.1318. This indicates that the stock is currently overbought.
What is the MACD signal for IXC stock?
The MACD indicator for ISHARES GLOBAL ENERGY ETF (IXC) has a value of 0.0276341, indicating a bearish trend.
What is the buy/sell signal for IXC stock?
The buy/sell signal for ISHARES GLOBAL ENERGY ETF (IXC) is buy as both the short term and long term trends are positive.