INSTEEL INDUSTRIES INC (IIIN) Stock Technical Analysis
USA - NYSE:IIIN - US45774W1080 - Common Stock
We assign a technical rating of 0 out of 10 to IIIN. 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.
IIIN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 31.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.23, a Stop Loss order could be placed below this zone.
More info and screens
30.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.81 to 31.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.32 to 30.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.99 to 32.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @38.58 from a horizontal line in the weekly time frame.
- Resistance @39.67 from a horizontal line in the daily time frame.
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 | 31.37 | 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) | DOWN | NEGATIVE | The current price of IIIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IIIN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.81 | NEUTRAL | The RSI value for IIIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests IIIN has a positive trend. |
| Stochastics (14,3) | 73.6 | NEUTRAL | The Stochastics value for IIIN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 36.02 | POSITIVE | The high ADX value value for IIIN suggests a strong trend. |
31.32
+0.05 (+0.16%)
INSTEEL INDUSTRIES INC / IIIN FAQ
Can you provide the ChartMill technical rating for INSTEEL INDUSTRIES INC?
ChartMill assigns a technical rating of 0 / 10 to IIIN.
What is the current trend direction of INSTEEL INDUSTRIES INC (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 35.8096. This indicates that the stock is currently neutral.
What is the buy/sell signal for INSTEEL INDUSTRIES INC (IIIN) stock?
The buy/sell signal for INSTEEL INDUSTRIES INC (IIIN) is sell as both the short term and long term trends are negative.
What is the support and resistance level for IIIN stock?
INSTEEL INDUSTRIES INC (IIIN) has a support level at 31.23 and a resistance level at 31.99. Check the full technical report for our detailed analysis of IIIN support and resistance levels.