HARBOR DISRUPTIVE INNOVATION (INNO) Stock Technical Analysis
NYSEARCA:INNO - NYSE Arca - US41151J3077 - ETF - Currency: USD
Overall INNO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INNO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that INNO is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, INNO also shows a nice and consistent pattern of rising prices.
INNO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so INNO is leading the market.
INNO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, INNO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.63, a Stop Loss order could be placed below this zone.
More info and screens
11.57
17.98
4 important support areas can be observed.
- A support zone ranging from 17.30 to 17.63. 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 16.72 to 16.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.66 to 16.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.69 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.73 to 17.80. 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 INNO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INNO is up. |
| ChartMill Relative Strength | 83.48 | POSITIVE | INNO has a high relative strength, it outperformed 83.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INNO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INNO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INNO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.39 | NEUTRAL | The RSI value for INNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80.7 | OVERBOUGHT | The high Stochastics value suggests INNO may be overbought. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for INNO suggests low volalility. |
| Average Directional Index/ADX (14) | 28.95 | POSITIVE | The high ADX value value for INNO 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.81 | 17.31 | 0.50 (2.81%) | 25.00% |
| An entry @17.81. This is a Buy Stop order right above the resistance zone. | An exit @17.31. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.50 points, which is 2.81%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:INNO (12/13/2024, 8:04:01 PM)
17.72
+0.1 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.57%
1 Week0.31%
2 Weeks2.17%
1 Month4.6%
3 Month14.68%
6 Month15.21%
12 Month24.38%
2 Year62.98%
3 Year-10.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.01%
ATR Inc-30.46%
Range Today0.04
ADR(20)0.14
ADR(20)%0.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.48
Mansfield0.04
10 Day High17.79
10 Day Low17.32
20 Day High17.79
20 Day Low16.45
52 Week High17.79
52 Week Low13.8
CS1 End17.63
CR1 Start17.73
Volume & EV
DER(3)0.43%
DER(5)-16.09%
Volume9.60K
Volume Incr601.12%
Vol(5)13.56K
Vol(50)31.05K