INSTEEL INDUSTRIES INC (IIIN) Technical Analysis
NYSE:IIIN • US45774W1080
Current stock price
36.6 USD
-0.99 (-2.63%)
At close:
37.1069 USD
+0.51 (+1.38%)
After Hours:
IIIN Technical Rating and Analysis
Overall IIIN gets a technical rating of 7 out of 10. In the last year, IIIN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- IIIN is part of the Building Products industry. There are 42 other stocks in this industry. IIIN outperforms 82% of them.
- In the last month IIIN has a been trading in the 30.07 - 37.87 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 61% of all stocks.
- IIIN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IIIN is lagging the market.
IIIN Weekly and Daily overview Charts
IIIN Setup Rating and Analysis
Although IIIN has an excellent technical rating, it does not offer a high quality setup 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
30.02
39.20
4 important support areas can be observed.
- A support zone ranging from 34.03 to 35.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.78 from a horizontal line in the daily time frame.
- Support @31.13 from a trend line in the weekly time frame.
- A support zone ranging from 30.32 to 30.58. 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 @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 | UP | POSITIVE | The short term trend for IIIN is up. |
| ChartMill Relative Strength | 61.89 | 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) | DOWN | MIXED | The current price of IIIN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.71 | NEUTRAL | The RSI value for IIIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests IIIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.05 | OVERBOUGHT | The high Stochastics value suggests IIIN may be overbought. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.15 | NEUTRAL | The ADX value for IIIN suggests a possible start of a new trend. |
IIIN Chart- and CandleStick Pattern Analysis
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)
IIIN Technicals: Chart, Performance Metrics, Trend & Indicators
36.6
-0.99 (-2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-2.63%
1 Week3.42%
2 Weeks8.9%
1 Month13.49%
3 Month6.58%
6 Month18.6%
12 Month20.36%
2 Year14.02%
3 Year32.95%
5 Year-4.01%
10 Year26.25%
15 Year145.14%
Volatility
ATR(14)1.04
ATR(20)%3.13%
ATR Inc-17.54%
Range Today0.95
ADR(20)1.03
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.89
3 months CRS79.97
6 months CRS82.6
Mansfield-0.33
10 Day High37.87
10 Day Low32.89
20 Day High37.87
20 Day Low30.07
52 Week High41.64
52 Week Low29.01
CS1 End35.46
CR1 Start37.87
Volume & EV
DER(3)1.28%
DER(5)-0.18%
Volume149.00K
Volume Incr-31.52%
Vol(5)123.10K
Vol(50)140.35K
INSTEEL INDUSTRIES INC / IIIN TA FAQ
Can you provide the ChartMill technical rating for INSTEEL INDUSTRIES INC?
ChartMill assigns a technical rating of 7 / 10 to IIIN.
Can you provide the trend direction for INSTEEL INDUSTRIES INC?
The current trend direction for INSTEEL INDUSTRIES INC (IIIN) is Bearish.
What is the RSI signal for INSTEEL INDUSTRIES INC (IIIN) stock?
INSTEEL INDUSTRIES INC (IIIN) has an RSI value of 61.7095. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INSTEEL INDUSTRIES INC?
The short term momentum for INSTEEL INDUSTRIES INC (IIIN) is positive.