ISHARES GLOBAL TECH ETF (IXN) Stock Technical Analysis
NYSEARCA:IXN - NYSE Arca - US4642872919 - ETF - Currency: USD
Overall IXN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IXN is only an average performer.
The long and short term trends are both positive. This is looking good!
IXN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IXN is leading the market.
In the last month IXN has a been trading in the 82.11 - 88.31 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, IXN did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although IXN has an excellent technical rating, the quality of the presented setup is 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
68.03
89.28
3 important support areas can be observed.
- A support zone ranging from 86.20 to 87.84. 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 82.73 to 84.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.72 to 68.91. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 88.07 to 88.40. 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 IXN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IXN is up. |
| ChartMill Relative Strength | 75.02 | POSITIVE | IXN has a high relative strength, it outperformed 75.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IXN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IXN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IXN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.56 | NEUTRAL | The RSI value for IXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests IXN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.58 | OVERBOUGHT | The high Stochastics value suggests IXN may be overbought. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for IXN suggests low volalility. |
| Average Directional Index/ADX (14) | 24.95 | NEUTRAL | The ADX value for IXN 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)
88.06
+0.97 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.11%
1 Week1.57%
2 Weeks1.58%
1 Month5.18%
3 Month16.28%
6 Month1.78%
12 Month6.33%
2 Year41.6%
3 Year92.69%
5 Year124.32%
10 Year452.27%
15 Year962.46%
Volatility
ATR(14)1.09
ATR(20)%1.35%
ATR Inc31.26%
Range Today1.48
ADR(20)1.02
ADR(20)%1.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.02
Mansfield0.28
10 Day High88.31
10 Day Low86.5
20 Day High88.31
20 Day Low82.11
52 Week High88.62
52 Week Low63.58
CS1 End87.84
CR1 Start88.07
Volume & EV
DER(3)-0.15%
DER(5)0.85%
Volume110.53K
Volume Incr-37.84%
Vol(5)112.91K
Vol(50)173.23K