INSTEEL INDUSTRIES INC (IIIN) Technical Analysis
NYSE:IIIN • US45774W1080
Current stock price
IIIN Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to IIIN. 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.
- IIIN is one of the better performing stocks in the Building Products industry, it outperforms 80% of 42 stocks in the same industry.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Looking at the yearly performance, IIIN did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- 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.
- In the last month IIIN has a been trading in the 30.07 - 36.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 1 important support area.
- A support zone ranging from 30.08 to 30.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 33.75 to 33.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.87 from a horizontal line in the daily time frame.
- Resistance @38.81 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 | NEUTRAL | NEUTRAL | The long term trend for IIIN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IIIN is neutral. |
| ChartMill Relative Strength | 78.16 | POSITIVE | IIIN has a high relative strength, it outperformed 78.16% 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) | DOWN | NEGATIVE | The current price of IIIN is below a declining 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) | 46.2 | NEUTRAL | The RSI value for IIIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests IIIN has a positive trend. |
| Stochastics (14,3) | 80.47 | OVERBOUGHT | The high Stochastics value suggests IIIN may be overbought. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.1 | 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
32.99
-0.48 (-1.43%)
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 46.2029. This indicates that the stock is currently neutral.
What is the support and resistance level for IIIN stock?
INSTEEL INDUSTRIES INC (IIIN) has a support level at 30.58 and a resistance level at 33.75. Check the full technical report for our detailed analysis of IIIN support and resistance levels.