INDP Technical Analysis - INDAPTUS THERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to INDP. INDP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

100% of all other stocks performed better in the past year than INDP.

INDP is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 91% are performing better than INDP.

INDP 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 INDP has a been trading in the 2.22 - 8.57 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INDAPTUS THERAPEUTICS INC / INDP Weekly stock chart

INDAPTUS THERAPEUTICS INC / INDP Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, INDP 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.83

4.87

2 important support areas can be observed.

Support @3.08 from a trend line in the daily time frame.
Support @2.86 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

Resistance @3.60 from a horizontal line in the daily time frame.
Resistance @4.82 from a trend 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 INDP is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for INDP is down.
ChartMill Relative Strength	0.38	NEGATIVE	INDP has a low relative strength, it was outperformed by 99.62% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of INDP is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of INDP is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of INDP is below a declining SMA(200).
Relative Strength Index/RSI (14)	40.94	NEUTRAL	The RSI value for INDP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.25	POSITIVE	The MACD value suggests INDP has a positive trend, although the MACD value is declining.
Stochastics (14,3)	17.53	OVERSOLD	The low Stochastics value suggests INDP may be oversold.
Average True Range in percent/ATR (20)	21.99	HIGH VOLATILITY	The high ATR as a percentage value for INDP suggests high volalility.
Average Directional Index/ADX (14)	43.92	POSITIVE	The high ADX value value for INDP suggests a strong trend.