INSTEEL INDUSTRIES INC (IIIN) Technical Analysis
NYSE:IIIN • US45774W1080
Current stock price
24.95 USD
-1.27 (-4.84%)
At close:
25.6 USD
+0.65 (+2.61%)
Pre-Market:
IIIN Technical Rating and Analysis
Taking everything into account, IIIN scores 0 out of 10 in our technical rating. IIIN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 89% of all other stocks performed better in the past year than IIIN.
- IIIN is part of the Building Products industry. There are 41 other stocks in this industry, of which 72% are performing better than IIIN.
- IIIN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month IIIN has a been trading in the 24.66 - 37.87 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
IIIN Support and Resistance Analysis
24.70
39.20
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.55 to 37.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for IIIN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IIIN is down. |
| ChartMill Relative Strength | 11.58 | NEGATIVE | IIIN has a low relative strength, it was outperformed by 88.42% 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) | 24.87 | OVERSOLD | The low RSI value suggests IIIN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests IIIN has a negative trend. |
| Stochastics (14,3) | 0.9 | OVERSOLD | The low Stochastics value suggests IIIN may be oversold. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for IIIN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.61 | 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
24.95
-1.27 (-4.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-4.84%
1 Week-32.97%
2 Weeks-25.74%
1 Month-18.49%
3 Month-24.53%
6 Month-19.02%
12 Month-24.39%
2 Year-22.27%
3 Year-9.37%
5 Year-34.57%
10 Year-13.94%
15 Year67.11%
Volatility
ATR(14)1.82
ATR(20)%6.55%
ATR Inc70.13%
Range Today1.81
ADR(20)1.28
ADR(20)%5.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.58
3 months CRS11.75
6 months CRS20.52
Mansfield-3.4
10 Day High37.87
10 Day Low24.66
20 Day High37.87
20 Day Low24.66
52 Week High41.64
52 Week Low24.66
CS1 EndN/A
CR1 Start37.55
Volume & EV
DER(3)-4.58%
DER(5)-2.26%
Volume788.70K
Volume Incr213.55%
Vol(5)544.66K
Vol(50)178.92K
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 24.8725. This indicates that the stock is currently oversold.
Can you provide the short term momentum for INSTEEL INDUSTRIES INC?
The short term momentum for INSTEEL INDUSTRIES INC (IIIN) is negative.