INSTEEL INDUSTRIES INC (IIIN) Stock Technical Analysis
NYSE:IIIN - New York Stock Exchange, Inc. - US45774W1080 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to IIIN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IIIN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
IIIN is one of the better performing stocks in the Building Products industry, it outperforms 85% of 42 stocks in the same industry.
IIIN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IIIN is performing more or less in line with the market.
IIIN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, IIIN did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
IIIN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
23.80
37.75
We found 2 important support areas.
- A support zone ranging from 35.36 to 35.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.04 to 24.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 37.35 to 37.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 IIIN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IIIN is up. |
| ChartMill Relative Strength | 86.21 | POSITIVE | IIIN has a high relative strength, it outperformed 86.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IIIN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IIIN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IIIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.11 | NEUTRAL | The RSI value for IIIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests IIIN has a negative trend. |
| Stochastics (14,3) | 36.75 | NEUTRAL | The Stochastics value for IIIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 41.56 | POSITIVE | The high ADX value value for IIIN suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 36.27 | 35.35 | 0.92 (2.53%) | 25.00% |
| An entry @36.27. This is a Buy Stop order right above the 10 day moving average. | An exit @35.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.92 points, which is 2.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- The distance between exit and entry is rather small compared to the average daily movement of IIIN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.37
-0.01 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-0.03%
1 Week-1.64%
2 Weeks-4.43%
1 Month4.31%
3 Month25.69%
6 Month19.98%
12 Month7.61%
2 Year18.18%
3 Year-14.59%
5 Year100.4%
10 Year78.19%
15 Year178.94%
Volatility
ATR(14)0.89
ATR(20)%2.72%
ATR Inc6.94%
Range Today0.56
ADR(20)0.92
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.21
Mansfield1.3
10 Day High37.56
10 Day Low34.79
20 Day High37.61
20 Day Low33.15
52 Week High37.61
52 Week Low22.49
CS1 End35.36
CR1 Start37.35
Volume & EV
DER(3)-3.29%
DER(5)-3%
Volume139.30K
Volume Incr-19.17%
Vol(5)119.52K
Vol(50)173.39K