INNEOVA HOLDINGS LTD-A (INEO) Stock Technical Analysis
NASDAQ:INEO • KYG7776G1047
Taking everything into account, INEO scores 2 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.
- When comparing the yearly performance of all stocks, INEO is a bad performer in the overall market: 100% of all stocks are doing better.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- INEO is an average performer in the Distributors industry, it outperforms 40% of 23 stocks in the same industry.
- In the last month INEO has a been trading in the 0.46 - 0.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
0.63
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 INEO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INEO is neutral. |
| 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) | UP | POSITIVE | The current price of INEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of INEO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INEO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.34 | NEUTRAL | The RSI value for INEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests INEO has a positive trend. |
| Stochastics (14,3) | 58.11 | NEUTRAL | The Stochastics value for INEO is a neutral value. |
| Average True Range in percent/ATR (20) | 12.22 | HIGH VOLATILITY | The high ATR as a percentage value for INEO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.58 | POSITIVE | The high ADX value value for INEO suggests a strong trend. |
0.633
-0.14 (-17.79%)
INNEOVA HOLDINGS LTD-A / INEO FAQ
What is the ChartMill technical rating of INNEOVA HOLDINGS LTD-A (INEO) stock?
ChartMill assigns a technical rating of 2 / 10 to INEO.
What is the trend direction for INEO stock?
The current trend direction for INNEOVA HOLDINGS LTD-A (INEO) is Bearish.
What is the RSI signal for INEO stock?
INNEOVA HOLDINGS LTD-A (INEO) has an RSI value of 56.3392. This indicates that the stock is currently neutral.
What is the MACD signal for INNEOVA HOLDINGS LTD-A (INEO) stock?
The MACD indicator for INNEOVA HOLDINGS LTD-A (INEO) has a value of 0.0211125, indicating a bearish trend.