Taking everything into account, INEO scores 0 out of 10 in our technical rating. INEO 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 technical rating of INEO is bad and it also does not present a quality setup 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.
More info and screens
0.68
4 important resistance areas can be observed.
- A resistance zone ranging from 0.71 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.81 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.87 from a trend line in the daily time frame.
- Resistance @0.92 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 INEO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INEO is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | INEO has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INEO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INEO is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 38.13 | NEUTRAL | The RSI value for INEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests INEO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.64 | NEUTRAL | The Stochastics value for INEO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.64 | HIGH VOLATILITY | The high ATR as a percentage value for INEO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.59 | NEUTRAL | The ADX value for INEO suggests a possible start of a new trend. |
0.6837
-0.02 (-3.02%)
INNEOVA HOLDINGS LTD / INEO FAQ
What is the ChartMill technical rating of INNEOVA HOLDINGS LTD (INEO) stock?
ChartMill assigns a technical rating of 0 / 10 to INEO.
Can you provide the trend direction for INNEOVA HOLDINGS LTD?
The current trend direction for INNEOVA HOLDINGS LTD (INEO) is Bearish.
What is the RSI signal for INEO stock?
INNEOVA HOLDINGS LTD (INEO) has an RSI value of 38.1279. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INNEOVA HOLDINGS LTD?
The MACD indicator for INNEOVA HOLDINGS LTD (INEO) has a value of -0.00162893, indicating a bearish trend.
Can you provide the short term momentum for INNEOVA HOLDINGS LTD?
The short term momentum for INNEOVA HOLDINGS LTD (INEO) is negative.