INSTEEL INDUSTRIES INC (IIIN) Technical Analysis
NYSE:IIIN • US45774W1080
Current stock price
26.4 USD
+0.22 (+0.84%)
At close:
26.4 USD
0 (0%)
After Hours:
IIIN Technical Rating and Analysis
Taking everything into account, IIIN scores 0 out of 10 in our technical rating. IIIN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, IIIN is a bad performer in the overall market: 88% of all stocks are doing better.
- IIIN is one of the lesser performing stocks in the Building Products industry. 63% of 42 stocks in the same industry do better.
- IIIN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- IIIN 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.
IIIN Weekly and Daily overview Charts
IIIN Setup Rating and Analysis
The technical rating of IIIN 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.
More info and screens
IIIN Support and Resistance Analysis
24.46
39.20
We found 2 important support areas.
- A support zone ranging from 25.24 to 25.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.71 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 26.41 to 26.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.72 from a trend line in the weekly time frame.
- A resistance zone ranging from 37.42 to 37.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @38.81 from a horizontal line in the daily time frame.
IIIN 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 | DOWN | NEGATIVE | The long term trend for IIIN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IIIN is down. |
| ChartMill Relative Strength | 12.73 | NEGATIVE | IIIN has a low relative strength, it was outperformed by 87.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IIIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IIIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IIIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.87 | NEUTRAL | The RSI value for IIIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests IIIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.77 | OVERSOLD | The low Stochastics value suggests IIIN may be oversold. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for IIIN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.7 | POSITIVE | The high ADX value value for IIIN suggests a strong trend. |
IIIN Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
IIIN Technicals: Chart, Performance Metrics, Trend & Indicators
26.4
+0.22 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg0.84%
1 Week4.6%
2 Weeks0.69%
1 Month-21.92%
3 Month-20.34%
6 Month-15.49%
12 Month-24.61%
2 Year-19.68%
3 Year-11.79%
5 Year-24.49%
10 Year-4.76%
15 Year93.55%
Volatility
ATR(14)1.72
ATR(20)%5.83%
ATR Inc-50.66%
Range Today0.75
ADR(20)1.23
ADR(20)%4.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.73
3 months CRS12.93
6 months CRS22.46
Mansfield-3.07
10 Day High26.47
10 Day Low24.35
20 Day High37.87
20 Day Low24.35
52 Week High41.64
52 Week Low24.35
CS1 End25.48
CR1 Start26.41
Volume & EV
DER(3)1.18%
DER(5)0.23%
Volume352.60K
Volume Incr2.79%
Vol(5)273.10K
Vol(50)215.53K
INSTEEL INDUSTRIES INC / IIIN TA FAQ
Can you provide the ChartMill technical rating for INSTEEL INDUSTRIES INC?
ChartMill assigns a technical rating of 0 / 10 to IIIN.
Can you provide the trend direction for INSTEEL INDUSTRIES INC?
The current trend direction for INSTEEL INDUSTRIES INC (IIIN) is Bearish.
What is the RSI signal for INSTEEL INDUSTRIES INC (IIIN) stock?
INSTEEL INDUSTRIES INC (IIIN) has an RSI value of 35.8661. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INSTEEL INDUSTRIES INC?
The short term momentum for INSTEEL INDUSTRIES INC (IIIN) is negative.
Can you provide the buy/sell signal for INSTEEL INDUSTRIES INC?
The buy/sell signal for INSTEEL INDUSTRIES INC (IIIN) is sell as both the short term and long term trends are negative.