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Stock Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Independence Contract Drilling, Inc. (NYSE:ICD)

Sidelines Mode (-55) - ICD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ICD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ICD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_ICD
Open High Low ICD Price Change
2.0000 2.0300 1.8600 1.8957 -0.0843
Entry Signal

MarketClub’s Trade Triangles for ICD

long term down The long-term trend has been DOWN since Nov 1st, 2023 at 2.65

intermediate term up The intermediate-term trend has been UP since Mar 25th, 2024 at 1.85

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 1.89

Smart Scan Analysis for ICD

Based on our trend formula, ICD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ICD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0000 2.0300 1.8600 1.8957 -0.0843
Prev. Close Volume Bid Ask Time
1.9800 55339 2024-04-16 13:51:39
Year High5.48Year High Date2018-01-22
Year Low3.05Year Low Date2018-11-20
52wk High3.4552wk High Date2023-08-21
52wk Low1.6152wk Low Date2024-03-11
Average Volume78,743Shares Outstanding15,267
Market Cap114MAssets394,677,000M
Liabilities213,098,000MP/E Ratio-0.22700000
Volatility66.68
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