We assign a technical rating of 5 out of 10 to INAB. In the past year, INAB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, INAB is a bad performer in the overall market: 90% of all stocks are doing better.
- INAB is part of the Biotechnology industry. There are 525 other stocks in this industry, of which 67% are performing better than INAB.
- INAB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month INAB has a been trading in the 1.71 - 2.73 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, INAB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
2.13
When analyzing the support we notice one important area.
- A support zone ranging from 2.15 to 2.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @2.52 from a trend line in the daily time frame.
- A resistance zone ranging from 2.60 to 2.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 INAB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INAB is up. |
| ChartMill Relative Strength | 10.89 | NEGATIVE | INAB has a low relative strength, it was outperformed by 89.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.9 | NEUTRAL | The RSI value for INAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests INAB has a negative trend. |
| Stochastics (14,3) | 48.15 | NEUTRAL | The Stochastics value for INAB is a neutral value. |
| Average True Range in percent/ATR (20) | 10.97 | HIGH VOLATILITY | The high ATR as a percentage value for INAB suggests high volalility. |
| Average Directional Index/ADX (14) | 29.87 | POSITIVE | The high ADX value value for INAB suggests a strong trend. |
2.4
-0.08 (-3.23%)
IN8BIO INC / INAB FAQ
What is the ChartMill technical rating of IN8BIO INC (INAB) stock?
ChartMill assigns a technical rating of 5 / 10 to INAB.
Can you provide the trend direction for IN8BIO INC?
The current trend direction for IN8BIO INC (INAB) is Bearish.
What is the RSI signal for INAB stock?
IN8BIO INC (INAB) has an RSI value of 56.899. This indicates that the stock is currently neutral.
What is the MACD signal for INAB stock?
The MACD indicator for IN8BIO INC (INAB) has a value of -0.00498821, indicating a bearish trend.
Can you provide the buy/sell signal for IN8BIO INC?
The buy/sell signal for IN8BIO INC (INAB) is hold as the short term and long term trends are mixed.