Stock Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
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.
MarketClub’s Trade Triangles for ICD
The long-term trend has been UP since Oct 14th, 2021 at 4.63
The intermediate-term trend has been DOWN since Nov 12th, 2021 at 3.66
The short-term trend has been UP since Dec 7th, 2021 at 3.09
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).
|Year High||5.48||Year High Date||2018-01-22|
|Year Low||3.05||Year Low Date||2018-11-20|
|52wk High||7.97||52wk High Date||2021-02-22|
|52wk Low||2.52||52wk Low Date||2021-08-20|
|Average Volume||147,469||Shares Outstanding||9,563|