ISHARES IBOXX INVESTMENT GRA (LQD) Stock Technical Analysis
NYSEARCA:LQD - US4642872422 - ETF
We assign a technical rating of 6 out of 10 to LQD. Although LQD is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
LQD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 110.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 109.85, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
103.96
We found 1 important support area.
- A support zone ranging from 105.01 to 109.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @110.66 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 113.45 to 113.72. 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 LQD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LQD is up. |
| ChartMill Relative Strength | 36.57 | NEUTRAL | LQD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LQD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LQD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LQD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.15 | NEUTRAL | The RSI value for LQD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LQD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.22 | NEUTRAL | The Stochastics value for LQD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for LQD suggests low volalility. |
| Average Directional Index/ADX (14) | 11.77 | NEGATIVE | The low ADX value for LQD suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 110.67 | 109.18 | 1.49 (1.35%) | 25.00% |
| An entry @110.67. This is a Buy Stop order right above the resistance zone. | An exit @109.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.49 points, which is 1.35%. | For a 0.34% total portfolio risk, you can invest 25.00% 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.
110.2
+0.86 (+0.79%)