INSTEEL INDUSTRIES INC (IIIN)
US45774W1080 - Common Stock
We assign a technical rating of 1 out of 10 to IIIN. IIIN 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
IIIN is part of the Building Products industry. There are 43 other stocks in this industry, of which 90% are performing better than IIIN.
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.
When comparing the performance of all stocks over the past year, IIIN turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
IIIN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IIIN is lagging the market slightly.
Although the technical rating is bad, IIIN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 32.83, a Stop Loss order could be placed below this zone.
More info and screens
26.18
38.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 31.72 to 32.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.46 from a trend line in the weekly time frame.
- Support @26.44 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 33.07 to 33.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.28 from a horizontal line in the daily time frame.
- A resistance zone ranging from 34.84 to 35.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.58 to 38.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.36
Mansfield-1.05
10 Day High35.41
10 Day Low31.26
20 Day High37.32
20 Day Low31.26
52 Week High39.38
52 Week Low26.87
Performance
1 Week2.07%
2 Weeks-1.46%
1 Month-10.53%
3 Month-5.22%
6 Month11.05%
12 Month14.24%
2 Year-20.16%
3 Year-5.43%
5 Year80.85%
10 Year68.42%
15 Year283.53%
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)44.57
LBB31.18
UBB34.64
INSTEEL INDUSTRIES INC
NYSE:IIIN (5/3/2024, 7:04:00 PM)
After market: 33.06 0 (0%)33.06
+0.74 (+2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg2.29%
1 Week2.07%
2 Weeks-1.46%
1 Month-10.53%
3 Month-5.22%
6 Month11.05%
12 Month14.24%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.14
ATR(20)%3.32%
ATR Inc
Range Today0.34
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High35.41
10 Day Low31.26
20 Day High37.32
20 Day Low31.26
52 Week High39.38
52 Week Low26.87
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume68.90K
Volume Incr17.3%
Vol(5)96.12K
Vol(50)85.26K