INSTEEL INDUSTRIES INC (IIIN) Technical Analysis
NYSE:IIIN • US45774W1080
Current stock price
IIIN Technical Rating and Analysis
We assign a technical rating of 1 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month IIIN has a been trading in the 30.07 - 38.45 range, which is quite wide. It is currently trading near the lows of this range.
- IIIN is part of the Building Products industry. There are 42 other stocks in this industry. IIIN outperforms 80% of them.
- When compared to the yearly performance of all other stocks, IIIN outperforms 61% of them, which is more or less in line with the market.
- 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.
- Volume is considerably higher in the last couple of days.
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 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
IIIN Support and Resistance Analysis
29.78
We found 2 important support areas.
- Support @30.58 from a horizontal line in the weekly time frame.
- Support @30.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 32.02 to 32.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 33.88 to 34.60. 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 | 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 | 61.88 | 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) | DOWN | NEGATIVE | The current price of IIIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.32 | OVERSOLD | The low RSI value suggests IIIN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests IIIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.02 | OVERSOLD | The low Stochastics value suggests IIIN may be oversold. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 35.56 | 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
30.61
-0.6 (-1.92%)
INSTEEL INDUSTRIES INC / IIIN TA FAQ
Can you provide the ChartMill technical rating for INSTEEL INDUSTRIES INC?
ChartMill assigns a technical rating of 1 / 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 28.3188. This indicates that the stock is currently oversold.
What is the buy/sell signal for IIIN stock?
The buy/sell signal for INSTEEL INDUSTRIES INC (IIIN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for INSTEEL INDUSTRIES INC?
INSTEEL INDUSTRIES INC (IIIN) has a support level at 30.58 and a resistance level at 32.02. Check the full technical report for our detailed analysis of IIIN support and resistance levels.