We assign a technical rating of 10 out of 10 to INNV. Both in the recent history as in the last year, INNV has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although INNV 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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3.60
We found 5 important support areas.
- A support zone ranging from 5.21 to 5.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.02 to 5.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.84 from a horizontal line in the daily time frame.
- Support @4.36 from a trend line in the daily time frame.
- Support @3.64 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.89 to 5.95. 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 INNV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INNV is up. |
| ChartMill Relative Strength | 90.45 | POSITIVE | INNV has a high relative strength, it outperformed 90.45% 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) | UP | POSITIVE | The current price of INNV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.78 | NEUTRAL | The RSI value for INNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests INNV has a positive trend. |
| Stochastics (14,3) | 87.85 | OVERBOUGHT | The high Stochastics value suggests INNV may be overbought. |
| Average True Range in percent/ATR (20) | 6.99 | HIGH VOLATILITY | The high ATR as a percentage value for INNV suggests high volalility. |
| Average Directional Index/ADX (14) | 19.64 | NEGATIVE | The low ADX value for INNV suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 5.96 | 5.20 | 0.76 (12.75%) | 7.84% |
| An entry @5.96. This is a Buy Stop order right above the resistance zone. | An exit @5.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.76 points, which is 12.75%. | For a 1.00% total portfolio risk, you can invest 7.84% 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.
5.88
+0.33 (+5.95%)
INNOVAGE HOLDING CORP / INNV FAQ
Can you provide the ChartMill technical rating for INNOVAGE HOLDING CORP?
ChartMill assigns a technical rating of 10 / 10 to INNV.
Can you provide the trend direction for INNOVAGE HOLDING CORP?
The current trend direction for INNOVAGE HOLDING CORP (INNV) is Bullish.
What is the RSI signal for INNV stock?
INNOVAGE HOLDING CORP (INNV) has an RSI value of 59.7761. This indicates that the stock is currently neutral.
What is the buy/sell signal for INNOVAGE HOLDING CORP (INNV) stock?
The buy/sell signal for INNOVAGE HOLDING CORP (INNV) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for INNOVAGE HOLDING CORP?
INNOVAGE HOLDING CORP (INNV) has a support level at 5.32 and a resistance level at 5.89. Check the full technical report for our detailed analysis of INNV support and resistance levels.