IT TECH PACKAGING INC (ITP)
US46527C2098 - Common Stock
Taking everything into account, ITP scores 6 out of 10 in our technical rating. In the last year, ITP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
65% of all other stocks performed better in the past year than ITP.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ITP has a been trading in the 0.22 - 0.34 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ITP is an average performer in the Paper & Forest Products industry, it outperforms 50% of 9 stocks in the same industry.
ITP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ITP is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, ITP does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. 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
0.31
When analyzing the support we can see 2 important areas.
- Support @0.23 from a horizontal line in the daily time frame.
- 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.
When analyzing the resistance we notice one important area.
- Resistance @0.31 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.2
Mansfield-0.17
10 Day High0.35
10 Day Low0.25
20 Day High0.35
20 Day Low0.22
52 Week High0.39
52 Week Low0.2
Performance
1 Week9.09%
2 Weeks20.48%
1 Month26.05%
3 Month26.26%
6 Month17.69%
12 Month-19.35%
2 Year-56.52%
3 Year-92.52%
5 Year-94.92%
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)59.67
LBB0.24
UBB0.32
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 |
|---|---|---|---|
| 0.32 | 0.24 | 0.09 (26.56%) | 3.76% |
| An entry @0.32. This is a Buy Stop order right above the resistance zone. | An exit @0.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 26.56%. | For a 1.00% total portfolio risk, you can invest 3.76% 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.
IT TECH PACKAGING INC
NYSEARCA:ITP (10/11/2024, 8:07:15 PM)
After market: 0.29 -0.01 (-3.33%)0.3
-0.03 (-7.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-7.75%
1 Week9.09%
2 Weeks20.48%
1 Month26.05%
3 Month26.26%
6 Month17.69%
12 Month-19.35%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.03
ATR(20)%9.21%
ATR Inc
Range Today0.04
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 High0.35
10 Day Low0.25
20 Day High0.35
20 Day Low0.22
52 Week High0.39
52 Week Low0.2
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume284.10K
Volume Incr55.36%
Vol(5)239.02K
Vol(50)101.49K