INSTEEL INDUSTRIES INC (IIIN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IIIN - US45774W1080 - Common Stock
Overall IIIN gets a technical rating of 0 out of 10. IIIN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
IIIN has a poor technical rating and the quality of the setup is also not perfect 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
29.78
We found 1 important support area.
- A support zone ranging from 30.08 to 30.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 31.93 to 32.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 26.71 | NEGATIVE | IIIN has a low relative strength, it was outperformed by 73.29% 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) | UP | MIXED | The current price of IIIN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.17 | NEUTRAL | The RSI value for IIIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests IIIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.87 | NEUTRAL | The Stochastics value for IIIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.48 | POSITIVE | The high ADX value value for IIIN suggests a strong trend. |
30.58
-1.08 (-3.41%)
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 40.1661. 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 30.57 and a resistance level at 31.93. Check the full technical report for our detailed analysis of IIIN support and resistance levels.