INSTEEL INDUSTRIES INC (IIIN) Technical Analysis
NYSE:IIIN • US45774W1080
Current stock price
IIIN Technical Rating and Analysis
Overall IIIN gets a technical rating of 2 out of 10. 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.
- In the last month IIIN has a been trading in the 31.13 - 38.45 range, which is quite wide. It is currently trading near the lows of this range.
- IIIN is one of the better performing stocks in the Building Products industry, it outperforms 78% of 42 stocks in the same industry.
- When compared to the yearly performance of all other stocks, IIIN outperforms 67% of them, which is more or less in line with the market.
- 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.
IIIN Weekly and Daily overview Charts
IIIN Setup Rating and Analysis
IIIN has a poor technical rating and the quality of the setup is also 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
IIIN Support and Resistance Analysis
29.78
We found 3 important support areas.
- Support @31.68 from a horizontal line in the daily time frame.
- Support @30.58 from a horizontal line in the weekly time frame.
- Support @30.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @37.87 from a horizontal line in the daily time frame.
- Resistance @38.81 from a horizontal line in the daily time frame.
- Resistance @39.67 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 | 67.43 | NEUTRAL | IIIN is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of IIIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.17 | NEUTRAL | The RSI value for IIIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests IIIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.64 | OVERSOLD | The low Stochastics value suggests IIIN may be oversold. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.96 | POSITIVE | The high ADX value value for IIIN suggests a strong trend. |
IIIN Chart- and CandleStick Pattern Analysis
IIIN Technicals: Chart, Performance Metrics, Trend & Indicators
31.9
+0.37 (+1.17%)
INSTEEL INDUSTRIES INC / IIIN TA FAQ
Can you provide the ChartMill technical rating for INSTEEL INDUSTRIES INC?
ChartMill assigns a technical rating of 2 / 10 to IIIN.
What is the trend direction for IIIN stock?
The current trend direction for INSTEEL INDUSTRIES INC (IIIN) is Bearish.
What is the RSI signal for IIIN stock?
INSTEEL INDUSTRIES INC (IIIN) has an RSI value of 32.1673. This indicates that the stock is currently neutral.
What is the buy/sell signal for IIIN stock?
The buy/sell signal for INSTEEL INDUSTRIES INC (IIIN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for INSTEEL INDUSTRIES INC?
INSTEEL INDUSTRIES INC (IIIN) has a support level at 31.68 and a resistance level at 37.87. Check the full technical report for our detailed analysis of IIIN support and resistance levels.