INNOVAGE HOLDING CORP (INNV) Stock Technical Analysis
NASDAQ:INNV - Nasdaq - US45784A1043 - Common Stock - Currency: USD
Taking everything into account, INNV scores 7 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, INNV outperforms 56% of them, which is more or less in line with the market.
INNV is an average performer in the Health Care Providers & Services industry, it outperforms 68% of 103 stocks in the same industry.
INNV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INNV is lagging the market.
In the last month INNV has a been trading in the 3.54 - 4.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
INNV has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.40. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for INNV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.49
5.30
3 important support areas can be observed.
- A support zone ranging from 3.94 to 3.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.85 to 3.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.53 to 3.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.40 to 4.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.25 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 | NEUTRAL | NEUTRAL | The short term trend for INNV is neutral. |
| ChartMill Relative Strength | 56.49 | NEUTRAL | INNV is not amongst the best or worst performers 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 | MIXED | The current price of INNV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.85 | NEUTRAL | The RSI value for INNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests INNV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.97 | NEUTRAL | The Stochastics value for INNV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for INNV suggests high volalility. |
| Average Directional Index/ADX (14) | 25.08 | 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)
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 |
|---|---|---|---|
| 4.48 | 3.93 | 0.55 (12.28%) | 8.15% |
| An entry @4.48. This is a Buy Stop order right above the resistance zone. | An exit @3.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 12.28%. | When investing 8.15% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
4.14
-0.06 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.43%
1 Week-7.17%
2 Weeks5.08%
1 Month8.66%
3 Month46.81%
6 Month14.36%
12 Month-27.37%
2 Year-42.5%
3 Year-6.97%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%5.83%
ATR Inc-26.53%
Range Today0.21
ADR(20)0.22
ADR(20)%5.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.49
Mansfield-1.51
10 Day High4.46
10 Day Low3.59
20 Day High4.46
20 Day Low3.54
52 Week High6.69
52 Week Low2.6
CS1 End3.96
CR1 Start4.4
Volume & EV
DER(3)3.33%
DER(5)-0.29%
Volume128.70K
Volume Incr135.61%
Vol(5)83.82K
Vol(50)40.58K