INFN Technical Analysis - INFINERA CORP

Technical Rating and Analysis

Overall INFN gets a technical rating of 9 out of 10. In the last year, INFN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, INFN did better than 85% of all other stocks. We also observe that the gains produced by INFN over the past year are nicely spread over this period.

INFN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INFN is lagging the market slightly.

INFN is an average performer in the Communications Equipment industry, it outperforms 59% of 48 stocks in the same industry.

In the last month INFN has a been trading in a tight range between 6.60 and 6.77.

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

Although INFN has an excellent technical rating, the quality of the presented setup is not ideal 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

6.47

6.97

We found 1 important support area.

A support zone ranging from 6.54 to 6.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 6.64 to 6.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 6.84 to 6.90. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for INFN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for INFN is up.
ChartMill Relative Strength	85.79	POSITIVE	INFN has a high relative strength, it outperformed 85.79% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of INFN is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of INFN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of INFN is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.44	NEUTRAL	The RSI value for INFN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests INFN has a negative trend.
Stochastics (14,3)	37.65	NEUTRAL	The Stochastics value for INFN is a neutral value.
Average True Range in percent/ATR (20)	0.64	LOW VOLATILITY	The low ATR as a percentage value for INFN suggests low volalility.
Average Directional Index/ADX (14)	41.94	POSITIVE	The high ADX value value for INFN suggests a strong trend.