ISHARES EXPANDED TECH SECTOR (IGM) Stock Technical Analysis
NYSEARCA:IGM - NYSE Arca - US4642875490 - ETF - Currency: USD
Overall IGM gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, IGM did better than 81% of all other stocks. We also observe that the gains produced by IGM over the past year are nicely spread over this period.
IGM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IGM has a been trading in the 101.30 - 108.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although IGM 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
97.58
109.54
2 important support areas can be observed.
- A support zone ranging from 100.66 to 102.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 98.57 to 98.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 104.74 to 108.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.68
Mansfield0.29
10 Day High108.73
10 Day Low104.36
20 Day High108.73
20 Day Low101.3
52 Week High108.73
52 Week Low79.68
Performance
1 Week-3.14%
2 Weeks-1.81%
1 Month-2.82%
3 Month3.43%
6 Month11.15%
12 Month25.02%
2 Year102.22%
3 Year65.75%
5 Year166.57%
10 Year488.94%
15 Year1107.98%
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)
Technical Indicators
MACD(12,26,9)-0.1
RSI(14)45
LBB103.88
UBB109.19
104.41
-2.99 (-2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.78%
1 Week-3.14%
2 Weeks-1.81%
1 Month-2.82%
3 Month3.43%
6 Month11.15%
12 Month25.02%
2 Year102.22%
3 Year65.75%
5 Year166.57%
10 Year488.94%
15 Year1107.98%
Volatility
ATR(14)1.62
ATR(20)%1.82%
ATR Inc61.45%
Range Today3.23
ADR(20)1.64
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.68
Mansfield0.29
10 Day High108.73
10 Day Low104.36
20 Day High108.73
20 Day Low101.3
52 Week High108.73
52 Week Low79.68
CS1 End102.17
CR1 Start104.74
Volume & EV
DER(3)-5.87%
DER(5)-1.78%
Volume847.00K
Volume Incr41.02%
Vol(5)426.12K
Vol(50)283.84K