INNOVAGE HOLDING CORP (INNV) Stock Technical Analysis
NASDAQ:INNV • US45784A1043
Overall INNV 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, INNV is showing a nice and steady performance.
- 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 INNV is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, INNV also shows a nice and consistent pattern of rising prices.
- INNV is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 96% of 102 stocks in the same industry.
- INNV 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 INNV is lagging the market slightly.
- INNV 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
INNV has an excellent technical rating, but the quality of the setup is only medium 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
4.81
We found 3 important support areas.
- Support @8.17 from a horizontal line in the daily time frame.
- Support @5.82 from a trend line in the daily time frame.
- Support @4.86 from a trend line in the daily 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 | 97.52 | POSITIVE | INNV has a high relative strength, it outperformed 97.52% 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) | 70.33 | OVERBOUGHT | The high RSI value suggests INNV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests INNV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.75 | NEUTRAL | The Stochastics value for INNV is a neutral value. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for INNV suggests high volalility. |
| Average Directional Index/ADX (14) | 39.58 | POSITIVE | The high ADX value value for INNV suggests a strong trend. |
8.36
+0.01 (+0.12%)
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.
What is the trend direction for INNV stock?
The current trend direction for INNOVAGE HOLDING CORP (INNV) is Bullish.
Can you provide the RSI signal for INNOVAGE HOLDING CORP?
INNOVAGE HOLDING CORP (INNV) has an RSI value of 70.3316. This indicates that the stock is currently overbought.
What is the MACD signal for INNV stock?
The MACD indicator for INNOVAGE HOLDING CORP (INNV) has a value of 0.208043, indicating a bearish trend.
What is the short term momentum for INNV stock?
The short term momentum for INNOVAGE HOLDING CORP (INNV) is positive.