INSTEEL INDUSTRIES INC (IIIN) Stock Technical Analysis
USA - NYSE:IIIN - US45774W1080 - Common Stock
37.12 USD
+0.69 (+1.89%)
37.83 USD
+0.71 (+1.91%)
We assign a technical rating of 6 out of 10 to IIIN. IIIN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month IIIN has a been trading in the 35.93 - 39.91 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, IIIN did better than 81% of all other stocks. We also observe that the gains produced by IIIN over the past year are nicely spread over this period.
IIIN is part of the Building Products industry. There are 41 other stocks in this industry. IIIN outperforms 90% of them.
IIIN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IIIN is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
IIIN has an average technical rating and also the quality of the setup is only medium 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
34.67
40.08
2 important support areas can be observed.
- A support zone ranging from 36.42 to 36.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.51 to 38.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.61 to 39.68. 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 | DOWN | NEGATIVE | The short term trend for IIIN is down. |
| ChartMill Relative Strength | 81.57 | POSITIVE | IIIN has a high relative strength, it outperformed 81.57% 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) | UP | MIXED | The current price of IIIN is below 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) | 42.91 | NEUTRAL | The RSI value for IIIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests IIIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.66 | OVERSOLD | The low Stochastics value suggests IIIN may be oversold. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for IIIN suggests a weak or negative 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)
37.12
+0.69 (+1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg1.89%
1 Week-2.7%
2 Weeks-3.18%
1 Month-3.56%
3 Month2.48%
6 Month22.07%
12 Month35.72%
2 Year33%
3 Year40.87%
5 Year70.59%
10 Year73.54%
15 Year332.13%
Volatility
ATR(14)0.95
ATR(20)%2.7%
ATR Inc71.81%
Range Today1.5
ADR(20)0.99
ADR(20)%2.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.57
Mansfield0.41
10 Day High39.22
10 Day Low35.93
20 Day High39.91
20 Day Low35.93
52 Week High41.64
52 Week Low22.49
CS1 End36.89
CR1 Start37.51
Volume & EV
DER(3)-3.36%
DER(5)-3.15%
Volume177.10K
Volume Incr10.31%
Vol(5)96.58K
Vol(50)93.97K