INFINERA CORP (INFN) Stock Technical Analysis
NASDAQ:INFN - Nasdaq - US45667G1031 - Common Stock - Currency: USD
Taking everything into account, INFN scores 9 out of 10 in our technical rating. INFN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that INFN is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, INFN also shows a nice and consistent pattern of rising prices.
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 55% 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.
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.
More info and screens
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.
When analyzing the resistance we notice 2 important areas.
- 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.
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. |
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)
6.64
-0.01 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.15%
1 Week-0.15%
2 Weeks0.3%
1 Month0.45%
3 Month0.45%
6 Month5.56%
12 Month24.11%
2 Year-6.08%
3 Year-28.06%
5 Year-2.35%
10 Year-61.06%
15 Year-12.4%
Volatility
ATR(14)0.04
ATR(20)%0.64%
ATR Inc66.1%
Range Today0.02
ADR(20)0.04
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.79
Mansfield0.19
10 Day High6.77
10 Day Low6.63
20 Day High6.77
20 Day Low6.6
52 Week High6.92
52 Week Low4.41
CS1 End6.63
CR1 Start6.64
Volume & EV
DER(3)-2.37%
DER(5)-1.59%
Volume8.84M
Volume Incr164.99%
Vol(5)2.51M
Vol(50)965.09K