Industrea Acquisition Corp. (INDU) Stock Technical Analysis
USA - NASDAQ:INDU -
We assign a technical rating of 1 out of 10 to INDU. INDU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of INDU is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.27
2 important resistance areas can be observed.
- A resistance zone ranging from 9.82 to 9.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 10.07 to 10.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for INDU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INDU is down. |
| ChartMill Relative Strength | 66.95 | NEUTRAL | INDU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INDU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INDU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INDU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 18.21 | OVERSOLD | The low RSI value suggests INDU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests INDU has a negative trend. |
| Stochastics (14,3) | 59.87 | NEUTRAL | The Stochastics value for INDU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for INDU suggests low volalility. |
NASDAQ:INDU (12/6/2018, 8:00:00 PM)
9.36
-0.84 (-8.24%)
Industrea Acquisition Corp. / INDU FAQ
What is the technical rating for INDU stock?
ChartMill assigns a technical rating of 1 / 10 to INDU.
What is the trend direction for INDU stock?
The current trend direction for Industrea Acquisition Corp. (INDU) is Bearish.
Can you provide the RSI signal for Industrea Acquisition Corp.?
Industrea Acquisition Corp. (INDU) has an RSI value of 18.2056. This indicates that the stock is currently oversold.
What are the support and resistance levels for Industrea Acquisition Corp. (INDU) stock?
Industrea Acquisition Corp. (INDU) has a resistance level at 9.82. Check the full technical report for our detailed analysis of INDU support and resistance levels.