INFORMATION SERVICES GROUP (III) Stock Technical Analysis
NASDAQ:III • US45675Y1047
Overall III gets a technical rating of 2 out of 10. Although III is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture 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 part of the IT Services industry. There are 87 other stocks in this industry. III outperforms 93% of them.
- When comparing the yearly performance of all stocks, we notice that III is one of the better performing stocks in the market, outperforming 80% of all 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.
III has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
2.97
3 important support areas can be observed.
- Support @4.73 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.77 to 4.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 80.33 | POSITIVE | III has a high relative strength, it outperformed 80.33% 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) | 35.82 | NEUTRAL | The RSI value for III is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests III has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.24 | OVERSOLD | The low Stochastics value suggests III may be oversold. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for III suggests some volalility. |
| Average Directional Index/ADX (14) | 35.72 | POSITIVE | The high ADX value value for III suggests a strong trend. |
4.76
+0.1 (+2.15%)
INFORMATION SERVICES GROUP / III FAQ
What is the technical rating for III stock?
ChartMill assigns a technical rating of 2 / 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 35.8202. 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 -0.0464647, 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 4.73 and a resistance level at 4.77. Check the full technical report for our detailed analysis of III support and resistance levels.