INAB Technical Analysis - IN8BIO INC

Technical Rating and Analysis

Overall INAB gets a technical rating of 0 out of 10. INAB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, INAB is a bad performer in the overall market: 97% of all stocks are doing better.

INAB is one of the lesser performing stocks in the Biotechnology industry. 79% of 541 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 - 2.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed 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

2.08

2.48

3 important resistance areas can be observed.

A resistance zone ranging from 2.10 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 2.35 to 2.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.46 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The short term trend for INAB is down.
ChartMill Relative Strength	3.96	NEGATIVE	INAB has a low relative strength, it was outperformed by 96.04% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of INAB is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of INAB is below 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)	44.57	NEUTRAL	The RSI value for INAB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests INAB has a negative trend, although the MACD value is rising.
Stochastics (14,3)	31.05	NEUTRAL	The Stochastics value for INAB is a neutral value.
Average True Range in percent/ATR (20)	5.7	HIGH VOLATILITY	The high ATR as a percentage value for INAB suggests high volalility.
Average Directional Index/ADX (14)	12.24	NEGATIVE	The low ADX value for INAB suggests a weak or negative trend.