INSTEEL INDUSTRIES INC (IIIN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IIIN - US45774W1080 - Common Stock
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 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.
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29.78
We found 1 important support area.
- A support zone ranging from 30.08 to 31.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 32.59 to 32.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.33 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for IIIN is neutral. |
| ChartMill Relative Strength | 41.82 | 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) | DOWN | MIXED | The current price of IIIN is above 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) | 51.29 | NEUTRAL | The RSI value for IIIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IIIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.46 | NEUTRAL | The Stochastics value for IIIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for IIIN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.93 | NEGATIVE | The low ADX value for IIIN suggests a weak or negative trend. |
32.25
+0.2 (+0.62%)
INSTEEL INDUSTRIES INC / IIIN 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 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 51.2886. This indicates that the stock is currently neutral.
What are the support and resistance levels for INSTEEL INDUSTRIES INC (IIIN) stock?
INSTEEL INDUSTRIES INC (IIIN) has a support level at 31.98 and a resistance level at 32.59. Check the full technical report for our detailed analysis of IIIN support and resistance levels.