INAB Technical Analysis - IN8BIO INC

Technical Rating and Analysis

Overall INAB gets a technical rating of 2 out of 10. 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.

94% of all other stocks performed better in the past year than INAB.

INAB is one of the lesser performing stocks in the Biotechnology industry. 75% of 536 stocks in the same industry do better.

INAB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month INAB has a been trading in the 1.91 - 2.49 range, which is quite wide. It is currently trading near the high of this range.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of INAB is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.14

2.42

We found 1 important support area.

A support zone ranging from 2.16 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 2.40 to 2.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 INAB is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for INAB is up.
ChartMill Relative Strength	6.81	NEGATIVE	INAB has a low relative strength, it was outperformed by 93.19% 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)	DOWN	MIXED	The current price of INAB is above a declining 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)	61.97	NEUTRAL	The RSI value for INAB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests INAB has a positive trend.
Stochastics (14,3)	65.22	NEUTRAL	The Stochastics value for INAB is a neutral value.
Average True Range in percent/ATR (20)	6.37	HIGH VOLATILITY	The high ATR as a percentage value for INAB suggests high volalility.
Average Directional Index/ADX (14)	20.33	NEUTRAL	The ADX value for INAB suggests a possible start of a new trend.