Technical Analysis for ICD - Independence Contract Drilling, Inc.

Grade Last Price % Change Price Change
F 1.22 -3.17% -0.04
ICD closed down 3.17 percent on Wednesday, July 3, 2024, on 1.25 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New 52 Week Low Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Oversold Stochastic Weakness -3.17%
1,2,3 Retracement Bearish Bearish Swing Setup -3.17%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -3.17%
Outside Day Range Expansion -3.17%
Gapped Up Strength -3.17%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 9 hours ago
1.5x Volume Pace about 9 hours ago
3x Volume Pace about 9 hours ago
Down 5% about 9 hours ago
Down 3% about 9 hours ago

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Profile

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers targeting unconventional resource plays in the United States. It constructs, owns, and operates a fleet of ShaleDriller rigs for the development of oil and gas properties in the Permian Basin. Independence Contract Drilling, Inc. was founded in 2011 and is based in Houston, Texas.
Classification

Sector: Energy
Industry: Oil & Gas Drilling
Keywords: Oil Wells Permian Basin Oil And Gas Properties Precision Drilling Offshore Engineering Gas Producer Drilling Services Contract Drilling Services Natural Gas Producer

Is ICD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.45
52 Week Low 1.18
Average Volume 36,280
200-Day Moving Average 2.09
50-Day Moving Average 1.52
20-Day Moving Average 1.38
10-Day Moving Average 1.30
Average True Range 0.08
RSI (14) 30.56
ADX 43.82
+DI 6.24
-DI 29.13
Chandelier Exit (Long, 3 ATRs) 1.31
Chandelier Exit (Short, 3 ATRs) 1.43
Upper Bollinger Bands 1.57
Lower Bollinger Band 1.19
Percent B (%b) 0.08
BandWidth 27.37
MACD Line -0.08
MACD Signal Line -0.07
MACD Histogram -0.0076
Fundamentals Value
Market Cap 17.18 Million
Num Shares 14.1 Million
EPS -0.49
Price-to-Earnings (P/E) Ratio -2.49
Price-to-Sales 0.13
Price-to-Book 0.14
PEG Ratio -0.96
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.36
Resistance 3 (R3) 1.36 1.31 1.33
Resistance 2 (R2) 1.31 1.28 1.31 1.32
Resistance 1 (R1) 1.27 1.26 1.29 1.27 1.32
Pivot Point 1.22 1.22 1.24 1.22 1.22
Support 1 (S1) 1.18 1.19 1.20 1.18 1.12
Support 2 (S2) 1.13 1.17 1.13 1.12
Support 3 (S3) 1.09 1.13 1.11
Support 4 (S4) 1.09