INIK Technical Analysis - IONIK CORP

Technical Rating and Analysis

Overall INIK gets a technical rating of 3 out of 10. In the last year, INIK was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

83% of all other stocks performed better in the past year than INIK.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

INIK is an average performer in the Media industry, it outperforms 61% of 14 stocks in the same industry.

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

In the last month INIK has a been trading in the 0.10 - 0.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed 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 the technical rating is bad, INIK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.11, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.10

0.15

2 important support areas can be observed.

A support zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.15 from a trend line in the weekly time frame.

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Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for INIK.CA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for INIK.CA is neutral.
ChartMill Relative Strength	17.55	NEGATIVE	INIK.CA has a low relative strength, it was outperformed by 82.45% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of INIK.CA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of INIK.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of INIK.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.92	NEUTRAL	The RSI value for INIK.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests INIK.CA has a positive trend.
Stochastics (14,3)	51.79	NEUTRAL	The Stochastics value for INIK.CA is a neutral value.
Average True Range in percent/ATR (20)	8.91	HIGH VOLATILITY	The high ATR as a percentage value for INIK.CA suggests high volalility.
Average Directional Index/ADX (14)	16.78	NEGATIVE	The low ADX value for INIK.CA suggests a weak or negative trend.