III Technical Analysis - INFORMATION SERVICES GROUP

Technical Rating and Analysis

Taking everything into account, III scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, III is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, III did better than 90% of all other stocks. We also observe that the gains produced by III over the past year are nicely spread over this period.

III is one of the better performing stocks in the IT Services industry, it outperforms 80% of 87 stocks in the same industry.

A new 52 week high is currently being made by III, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month III has a been trading in the 4.95 - 5.69 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INFORMATION SERVICES GROUP / III Weekly stock chart

INFORMATION SERVICES GROUP / III Daily stock chart

Setup Rating and Analysis

Although III has an excellent technical rating, it does not present a decent entry opportunity 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.97

5.70

When analyzing the support we can see 6 important areas.

A support zone ranging from 5.39 to 5.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @4.80 from a horizontal line in the daily time frame.
Support @4.63 from a trend line in the daily time frame.
Support @4.52 from a trend line in the weekly time frame.
Support @3.15 from a trend line in the weekly time frame.
Support @3.00 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for III is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for III is up.
ChartMill Relative Strength	90.53	POSITIVE	III has a high relative strength, it outperformed 90.53% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of III is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of III is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of III is above the rising SMA(200).
Relative Strength Index/RSI (14)	69.94	NEUTRAL	The RSI value for III is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests III has a positive trend.
Stochastics (14,3)	79.94	NEUTRAL	The Stochastics value for III is a neutral value.
Average True Range in percent/ATR (20)	2.85	MEDIUM VOLATILITY	The ATR as a percentage value for III suggests some volalility.
Average Directional Index/ADX (14)	40.47	POSITIVE	The high ADX value value for III suggests a strong trend.