Technical Analysis for ITP - IT Tech Packaging, Inc.

Grade Last Price % Change Price Change
D 0.26 1.96% 0.01
ITP closed up 1.96 percent on Thursday, March 28, 2024, on 34 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Resistance Bearish 1.96%
Inside Day Range Contraction 1.96%
Gapped Up Strength 1.96%
Oversold Stochastic Weakness 1.96%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance 1 day ago
Reversed from Up 1 day ago
Gap Up Closed 1 day ago
Down 1% 1 day ago
Possible NR7 1 day ago

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Profile

IT Tech Packaging, Inc. produces and distributes paper products primarily in the People's Republic of China. The company offers corrugating medium papers and offset printing papers. It also provides tissue paper products, including toilet papers, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Orient Paper brand name. The company was formerly known as Orient Paper, Inc. and changed its name to IT Tech Packaging, Inc. in July 2018. IT Tech Packaging, Inc. was founded in 1996 and is headquartered in Baoding, the People's' Republic of China.
Classification

Sector: Basic Materials
Industry: Paper & Paper Products
Keywords: Packaging Materials Paper Products Paper Personal Hygiene Products Paper Towel Toilet Paper Linens Offset Printing Printing Papers Tissue Paper Toilets

Is ITP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.65
52 Week Low 0.2015
Average Volume 52,448
200-Day Moving Average 0.36
50-Day Moving Average 0.27
20-Day Moving Average 0.28
10-Day Moving Average 0.27
Average True Range 0.03
RSI (14) 44.44
ADX 29.4
+DI 7.37
-DI 16.72
Chandelier Exit (Long, 3 ATRs) 0.26
Chandelier Exit (Short, 3 ATRs) 0.35
Upper Bollinger Bands 0.32
Lower Bollinger Band 0.25
Percent B (%b) 0.2
BandWidth 26.86
MACD Line -0.01
MACD Signal Line 0.00
MACD Histogram -0.0048
Fundamentals Value
Market Cap 2.62 Million
Num Shares 10.1 Million
EPS -1.78
Price-to-Earnings (P/E) Ratio -0.15
Price-to-Sales 0.03
Price-to-Book 0.01
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.28
Resistance 3 (R3) 0.28 0.28 0.27
Resistance 2 (R2) 0.28 0.27 0.27 0.27
Resistance 1 (R1) 0.27 0.27 0.27 0.27 0.27
Pivot Point 0.26 0.26 0.26 0.26 0.26
Support 1 (S1) 0.26 0.26 0.25 0.25 0.25
Support 2 (S2) 0.25 0.26 0.25 0.25
Support 3 (S3) 0.24 0.25 0.25
Support 4 (S4) 0.24