IT TECH PACKAGING INC (ITP)
US46527C2098 - Common Stock
Taking everything into account, ITP scores 0 out of 10 in our technical rating. ITP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, ITP is a bad performer in the overall market: 85% of all stocks are doing better.
ITP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ITP has a been trading in the 0.21 - 0.27 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ITP is an average performer in the Paper & Forest Products industry, it outperforms 42% of 8 stocks in the same industry.
ITP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.22, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ITP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.22
0.32
We found 1 important support area.
- A support zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.28 from a trend line in the weekly time frame.
- Resistance @0.29 from a trend line in the weekly time frame.
- Resistance @0.30 from a horizontal line in the weekly time frame.
- Resistance @0.32 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.65
Mansfield-2.39
10 Day High0.26
10 Day Low0.21
20 Day High0.27
20 Day Low0.21
52 Week High0.37
52 Week Low0.2
Performance
1 Week-11.16%
2 Weeks-8.61%
1 Month-10.8%
3 Month-4%
6 Month-9.35%
12 Month-27.57%
2 Year-64.74%
3 Year-92.66%
5 Year-97.72%
10 YearN/A
15 YearN/A
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
RSI(14)38.73
LBB0.22
UBB0.26
IT TECH PACKAGING INC
NYSEARCA:ITP (11/22/2024, 8:04:00 PM)
After market: 0.2339 +0.01 (+4.89%)0.223
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg0%
1 Week-11.16%
2 Weeks-8.61%
1 Month-10.8%
3 Month-4%
6 Month-9.35%
12 Month-27.57%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.02
ATR(20)%10.38%
ATR Inc
Range Today0.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High0.26
10 Day Low0.21
20 Day High0.27
20 Day Low0.21
52 Week High0.37
52 Week Low0.2
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume83.20K
Volume Incr6.39%
Vol(5)87.58K
Vol(50)97.54K