INDAPTUS THERAPEUTICS INC (INDP) Technical Analysis
NASDAQ:INDP • US45339J2042
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.
- When comparing the yearly performance of all stocks, INDP is a bad performer in the overall market: 97% of all stocks are doing better.
- INDP is part of the Biotechnology industry. There are 520 other stocks in this industry, of which 84% 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 1.52 - 2.18 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.
INDP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.85
When analyzing the support we notice one important area.
- A support zone ranging from 1.87 to 1.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 4 important resistance areas.
- Resistance @1.95 from a trend line in the daily time frame.
- Resistance @2.11 from a horizontal line in the daily time frame.
- Resistance @2.99 from a trend line in the daily time frame.
- Resistance @3.19 from a trend line in the weekly 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 INDP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INDP is down. |
| ChartMill Relative Strength | 3.82 | NEGATIVE | INDP has a low relative strength, it was outperformed by 96.18% 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) | 44.38 | NEUTRAL | The RSI value for INDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests INDP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.06 | NEUTRAL | The Stochastics value for INDP is a neutral value. |
| Average True Range in percent/ATR (20) | 10.12 | HIGH VOLATILITY | The high ATR as a percentage value for INDP suggests high volalility. |
| Average Directional Index/ADX (14) | 16.89 | NEGATIVE | The low ADX value for INDP suggests a weak or negative trend. |
INDP Technicals: Chart, Performance Metrics, Trend & Indicators
1.9
-0.11 (-5.47%)
INDAPTUS THERAPEUTICS INC / INDP FAQ
Can you provide the ChartMill technical rating for INDAPTUS THERAPEUTICS INC?
ChartMill assigns a technical rating of 1 / 10 to INDP.
What is the trend direction for INDP stock?
The current trend direction for INDAPTUS THERAPEUTICS INC (INDP) is Bearish.
Can you provide the RSI signal for INDAPTUS THERAPEUTICS INC?
INDAPTUS THERAPEUTICS INC (INDP) has an RSI value of 44.3783. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INDAPTUS THERAPEUTICS INC?
The short term momentum for INDAPTUS THERAPEUTICS INC (INDP) is negative.
What are the support and resistance levels for INDAPTUS THERAPEUTICS INC (INDP) stock?
INDAPTUS THERAPEUTICS INC (INDP) has a support level at 1.88 and a resistance level at 1.95. Check the full technical report for our detailed analysis of INDP support and resistance levels.