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Stock Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Independence Contract Drilling, Inc. (NYSE:ICD)

Long-Term Downtrend (-90) - ICD is in a strong downtrend that is likely to continue. While ICD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.4300 1.5200 1.3801 1.4300 -0.0400
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 down The intermediate-term trend has been DOWN since May 1st, 2024 at 1.83

short term down The short-term trend has been DOWN since May 23rd, 2024 at 1.51

Smart Scan Analysis for ICD

Based on our trend formula, ICD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ICD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4300 1.5200 1.3801 1.4300 -0.0400
Prev. Close Volume Bid Ask Time
1.4200 36581 2024-05-24 15:53:54
Year High5.48Year High Date2018-01-22
Year Low3.05Year Low Date2018-11-20
52wk High3.4552wk High Date2023-08-21
52wk Low1.28752wk Low Date2024-05-14
Average Volume47,276Shares Outstanding15,267
Market Cap114MAssets384,770,000M
Liabilities211,323,000MP/E Ratio-0.22700000
Volatility66.68
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