INNOVAGE HOLDING CORP (INNV) Stock Technical Analysis
NASDAQ:INNV - Nasdaq - US45784A1043 - Common Stock - Currency: USD
Taking everything into account, INNV scores 8 out of 10 in our technical rating. Although INNV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month INNV has a been trading in the 2.84 - 4.51 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, INNV did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
INNV is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, INNV did better than 64% of them.
INNV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INNV is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although INNV has an excellent technical rating, it does not present a decent entry opportunity 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
3.08
5.45
We found 2 important support areas.
- A support zone ranging from 3.92 to 3.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.11 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.10 to 4.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.40 from a trend line in the weekly time frame.
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 INNV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INNV is up. |
| ChartMill Relative Strength | 75.32 | POSITIVE | INNV has a high relative strength, it outperformed 75.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INNV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INNV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INNV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.23 | NEUTRAL | The RSI value for INNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INNV has a negative trend. |
| Stochastics (14,3) | 65.05 | NEUTRAL | The Stochastics value for INNV is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for INNV suggests high volalility. |
| Average Directional Index/ADX (14) | 42.88 | POSITIVE | The high ADX value value for INNV 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)
4.05
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0%
1 Week-1.22%
2 Weeks-1.22%
1 Month29.39%
3 Month24.62%
6 Month-16.84%
12 Month-8.78%
2 Year-39.82%
3 Year-16.49%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%6.32%
ATR Inc-33.75%
Range Today0.12
ADR(20)0.25
ADR(20)%6.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.32
Mansfield-1.56
10 Day High4.51
10 Day Low3.9
20 Day High4.51
20 Day Low2.84
52 Week High6.69
52 Week Low2.6
CS1 End3.92
CR1 Start4.1
Volume & EV
DER(3)-1.16%
DER(5)-2.89%
Volume32.50K
Volume Incr-26.07%
Vol(5)28.26K
Vol(50)48.78K