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Stock Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

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.

Open High Low ICD Price Change
2.94 2.95 2.87 2.87 -0.09
Entry Signal

MarketClub’s Trade Triangles for ICD

long term up The long-term trend has been UP since Aug 21st, 2023 at 3.2800

intermediate term up The intermediate-term trend has been UP since Jul 11th, 2023 at 2.7800

short term down The short-term trend has been DOWN since Sep 18th, 2023 at 3.0201

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).

Smart Scan Analysis for ICD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.94 2.95 2.87 2.87 -0.09
Prev. Close Volume Bid Ask Time
2.87 52883 2023-09-21 15:59:12
Year High5.48Year High Date2018-01-22
Year Low3.05Year Low Date2018-11-20
52wk High5.2552wk High Date2023-01-20
52wk Low2.4952wk Low Date2023-06-23
Average Volume63,929Shares Outstanding14,085
Market Cap114MAssets420,236,000M
Liabilities207,467,000MP/E Ratio-0.22700000
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