Putting this OTC Stock Under the Microscope: Inchcape Plc (IHCPY)


Investors are taking a close look at Inchcape Plc (IHCPY) shares today as the stock has moved $0.78 thus far today from the open.  Mid-session the stock jumped to a high of $17.08 while dipping down to $17.08.  The stock has a 7 day moving average of $17.29.

Taking a look at the technical levels, the 3-day RSI stands at 49.22, the 7-day sits at 42.56 and the 14-day (most common) is at 43.47.  

We also note that the The 14-day Commodity Channel Index (CCI) for Inchcape Plc (IHCPY) is currently at -75.24.  CCI reaches a high level when the stock price is well above the average. CCI is relatively low when prices are well below their average.   When a stock reaches a CCI of +100 then it can be considered overbought.  A CCI reading below -100 would indicate oversold range.

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Relative Strength Index (RSI) is an overbought/oversold technical oscillator that compares the performance of a stock to itself over time, not to be confused with “relative strength”, which compares a stock to another.  RSI was developed by J. Welles Wilder, Jr., an engineer turned technical analyst.  Along with creating several other technical indicators used by countless traders and professionals such as Average True Range (ATR), The Relative Strength Index (RSI), Average Directional Index (ADX) and The Parabolic SAR., Wilder is considered to be a celebrity in the trading world.    

Further we can look at the Average Directional Index or ADX to see if the stock is trending strongly.  ADX can range from 0-100 where 0-25 would indicate an Absent or very weak trend, 25-50 would indicate a strong trend, 50-75 a very strong trend and 75-100 an extremely strong trend.  The 14-day ADX of Inchcape Plc (IHCPY) currently stands at 13.78.

Another technical indicator we can look at is the Williams Percent Range or WPR.  This is another formula to help determine if a stock is in overbought or oversold territory.  Values can range from 0 to -100.  A value between -80 to -100 typically are interpreted as strong oversold (sell) territory.  A value between 0 to -20 would indicate a strong overbought condition or a “buy” signal.  At the time of writing, Inchcape Plc (IHCPY)’s WPR stands at -76.85.

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