INSTEEL INDUSTRIES INC (IIIN) Stock Technical Analysis
NYSE:IIIN - US45774W1080 - Common Stock
38.46 USD
-0.13 (-0.34%)
38.46 USD
0 (0%)
We assign a technical rating of 7 out of 10 to IIIN. Although IIIN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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 72% of 41 stocks in the same industry.
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.
In the last month IIIN has a been trading in the 34.67 - 38.97 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, IIIN turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
Although IIIN has an excellent technical rating, it does not present a decent entry opportunity 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
23.80
40.08
3 important support areas can be observed.
- A support zone ranging from 36.59 to 37.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.64 to 35.02. 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.
When analyzing the resistance we notice 2 important areas.
- Resistance @38.58 from a horizontal line in the weekly time frame.
- 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 | UP | POSITIVE | The short term trend for IIIN is up. |
| ChartMill Relative Strength | 68.82 | NEUTRAL | IIIN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IIIN is above 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) | 60.57 | 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) | 83.48 | OVERBOUGHT | The high Stochastics value suggests IIIN may be overbought. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for IIIN suggests a possible start of a new 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)
38.46
-0.13 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-0.34%
1 Week4.85%
2 Weeks6.92%
1 Month5.86%
3 Month9.82%
6 Month36.67%
12 Month11.8%
2 Year10.68%
3 Year33.08%
5 Year108.57%
10 Year122.18%
15 Year386.22%
Volatility
ATR(14)0.94
ATR(20)%2.48%
ATR Inc52.01%
Range Today0.73
ADR(20)0.87
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.82
Mansfield1.25
10 Day High38.97
10 Day Low36.08
20 Day High38.97
20 Day Low34.67
52 Week High41.64
52 Week Low22.49
CS1 End37.95
CR1 Start38.58
Volume & EV
DER(3)0.57%
DER(5)0.48%
Volume76.60K
Volume Incr-15.6%
Vol(5)102.98K
Vol(50)139.48K