INFORMATION SERVICES GROUP (III) Stock Technical Analysis
NASDAQ:III • US45675Y1047
Overall III gets a technical rating of 1 out of 10. III has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- III is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- III is one of the better performing stocks in the IT Services industry, it outperforms 91% of 87 stocks in the same industry.
- Looking at the yearly performance, III did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- III is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so III is lagging the market.
The technical rating of III is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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2.97
When analyzing the support we can see 3 important areas.
- Support @4.65 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.55 to 4.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.00 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @4.75 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.97 to 5.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.10 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for III is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for III is down. |
| ChartMill Relative Strength | 78.39 | POSITIVE | III has a high relative strength, it outperformed 78.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of III is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of III is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of III is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.81 | NEUTRAL | The RSI value for III is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests III has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.97 | OVERSOLD | The low Stochastics value suggests III may be oversold. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for III suggests some volalility. |
| Average Directional Index/ADX (14) | 35.25 | POSITIVE | The high ADX value value for III suggests a strong trend. |
4.66
-0.01 (-0.21%)
INFORMATION SERVICES GROUP / III FAQ
What is the technical rating for III stock?
ChartMill assigns a technical rating of 1 / 10 to III.
What is the current trend direction of INFORMATION SERVICES GROUP (III) stock?
The current trend direction for INFORMATION SERVICES GROUP (III) is Bearish.
What is the RSI signal for INFORMATION SERVICES GROUP (III) stock?
INFORMATION SERVICES GROUP (III) has an RSI value of 31.8138. This indicates that the stock is currently neutral.
What is the MACD signal for INFORMATION SERVICES GROUP (III) stock?
The MACD indicator for INFORMATION SERVICES GROUP (III) has a value of -0.0666892, indicating a bearish trend.
Can you provide the support and resistance levels for INFORMATION SERVICES GROUP?
INFORMATION SERVICES GROUP (III) has a support level at 4.65 and a resistance level at 4.75. Check the full technical report for our detailed analysis of III support and resistance levels.