IEX & Intellect Design are Forming A Consolidation Base

Posted Date: July 05 2021

Indian Energy Exchange stock is worth watching as the stock is forming a 8-week, 17% deep Consolidation Base. The current price is only 8% away from its ideal buy price of INR 414. Aggressive investors could use any tight area breakout inside the base as an opportunity to initiate a small position. A conservative approach may be to add the stock to your watchlist so that you are ready to pounce if it breaks out to the traditional entry point.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 2.63% away from the 10-week moving average.

In the last twelve months, Indian Energy Exchange has rallied nearly 99.7% as compared to 49.5% for the Nifty500. It has a Relative Strength Rating of 60. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Indian Energy Exchange can maintain this outperformance, it could make sense as a CANSLIM trade.

Indian Energy Exchange stock has strong institutional support. The Accumulation/Distribution Rating of 'A-' represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

On the earnings front, Indian Energy Exchange has an excellent EPS Rank of 91, which indicates consistency in earnings. The earnings and sales for the stock have grown by 13% and 7%, respectively over the past three years. Its 3-years earnings stability is 4, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 16% and 10%, respectively. The 5-years earnings stability is 4. The return on equity for the last reported year is 45%.

The stock belongs to the industry group of Financial Svcs-Specialty. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 103. The current price of Indian Energy Exchange is -8% off from its 52-week high price and 124% above its 52-week low price.

The stock appears on our idea lists: Minervini Trend Template.

Intellect Design Stock

Intellect Design stock is forming a 8-week, 19% deep Consolidation Base. This is a bullish sign, but it is still very deep in its base. The current price is still 13% away from its ideal buy price of INR 849. A prudent approach would be to add the stock to your watchlist and perform a detailed analysis on it. This means you can be ready to pounce as the stock breaks out to the ideal entry point.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around -0.53% away from the 10-week moving average.

Intellect Design has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 93. In the last twelve months, the stock has soared over 575% as compared to 49.5% for the Nifty500.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Intellect Design Stock Ltd can maintain this outperformance, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Intellect Design has an Accumulation/Distribution Rating of 'A-'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Intellect Design has an excellent EPS Rank of 93, which indicates consistency in earnings. The earnings and sales for the stock have grown by 18% and 8%, respectively over the past three years. Its 3-years earnings stability is 99, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 32% and 14%, respectively. The 5-years earnings stability is 99. The return on equity for the last reported year is 22%.

The stock belongs to the industry group of Financial Svcs-Specialty. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 103. The current price of Intellect Design is -13% off from its 52-week high price and 603% above its 52-week low price.

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