Industrea Acquisition Corp. (INDU) Stock Technical Analysis
USA - NASDAQ:INDU -
9.36
-0.84 (-8.24%)
Taking everything into account, INDU scores 1 out of 10 in our technical rating. 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.
INDU is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month INDU has a been trading in the 9.11 - 10.35 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, INDU turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
Considerably lower volume is observed in the last couple of days.
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
10.50
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. |
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)
NASDAQ:INDU (12/6/2018, 8:00:00 PM)
9.36
-0.84 (-8.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-8.24%
1 Week-8.95%
2 Weeks-8.77%
1 Month-8.33%
3 Month-6.12%
6 Month-5.17%
12 Month-3.6%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%1.87%
ATR Inc351.39%
Range Today0.99
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.95
Mansfield-0.41
10 Day High10.35
10 Day Low9.11
20 Day High10.35
20 Day Low9.11
52 Week High11.74
52 Week Low9.11
CS1 EndN/A
CR1 Start9.82
Volume & EV
DER(3)-8.69%
DER(5)-6.46%
Volume27.00K
Volume Incr-89.62%
Vol(5)36.08K
Vol(50)290.34K