INEA Technical Analysis - FONCIERE INEA

Technical Rating and Analysis

Overall INEA gets a technical rating of 0 out of 10. INEA 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.

72% of all other stocks performed better in the past year than INEA.

In the last month INEA has a been trading in the 32.00 - 34.50 range, which is quite wide. It is currently trading near the lows of this range.

Warning: INEA has an average volume of 469 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

INEA is an average performer in the Diversified REITs industry, it outperforms 53% of 42 stocks in the same industry.

INEA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INEA is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

INEA has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

30.99

38.38

When analyzing the support we can see 2 important areas.

A support zone ranging from 32.10 to 32.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @31.30 from a horizontal line in the daily time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 33.21 to 33.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @34.60 from a horizontal line in the daily time frame.
Resistance @35.50 from a horizontal line in the daily time frame.
A resistance zone ranging from 37.01 to 38.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 INEA.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for INEA.PA is down.
ChartMill Relative Strength	28.37	NEGATIVE	INEA.PA has a low relative strength, it was outperformed by 71.63% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of INEA.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of INEA.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of INEA.PA is below the rising SMA(200).
Relative Strength Index/RSI (14)	37.68	NEUTRAL	The RSI value for INEA.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests INEA.PA has a positive trend.
Stochastics (14,3)	36.18	NEUTRAL	The Stochastics value for INEA.PA is a neutral value.
Average True Range in percent/ATR (20)	1.31	LOW VOLATILITY	The low ATR as a percentage value for INEA.PA suggests low volalility.
Average Directional Index/ADX (14)	52.16	POSITIVE	The high ADX value value for INEA.PA suggests a strong trend.