INTELLIGENT BIO SOLUTIONS IN (INBS) Stock Technical Analysis
NASDAQ:INBS - Nasdaq - US36151G6008 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to INBS. Although INBS is scoring some points because its good overall performance in the market in the past year, 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.
INBS 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.
INBS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that INBS is one of the better performing stocks in the market, outperforming 86% of all stocks.
INBS is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 86% of 187 stocks in the same industry.
INBS has an average technical rating and the quality of the presented setup is also not ideal 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
1.23
2.22
When analyzing the support we can see 3 important areas.
- Support @1.50 from a trend line in the daily time frame.
- A support zone ranging from 1.46 to 1.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.24 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @1.57 from a horizontal line in the daily time frame.
- Resistance @1.97 from a trend line in the weekly time frame.
- Resistance @2.10 from a trend line in the weekly time frame.
- Resistance @2.20 from a trend 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 INBS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INBS is down. |
| ChartMill Relative Strength | 86.4 | POSITIVE | INBS has a high relative strength, it outperformed 86.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INBS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of INBS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INBS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.74 | NEUTRAL | The RSI value for INBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests INBS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.45 | OVERSOLD | The low Stochastics value suggests INBS may be oversold. |
| Average True Range in percent/ATR (20) | 11.68 | HIGH VOLATILITY | The high ATR as a percentage value for INBS suggests high volalility. |
| Average Directional Index/ADX (14) | 23.72 | NEUTRAL | The ADX value for INBS suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.52
-0.03 (-1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.94%
1 Week3.4%
2 Weeks-5.59%
1 Month-14.12%
3 Month25.62%
6 Month-28.3%
12 Month35.71%
2 Year-92.8%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%11.68%
ATR Inc-24.18%
Range Today0.1
ADR(20)0.17
ADR(20)%11.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.4
Mansfield-1.38
10 Day High1.65
10 Day Low1.44
20 Day High2.27
20 Day Low1.44
52 Week High3
52 Week Low1
CS1 End1.5
CR1 Start1.57
Volume & EV
DER(3)-1.81%
DER(5)-3.02%
Volume77.80K
Volume Incr-37.48%
Vol(5)159.64K
Vol(50)200.18K