INNOVAGE HOLDING CORP (INNV) Stock Technical Analysis
NASDAQ:INNV - Nasdaq - US45784A1043 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to INNV. INNV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
79% of all other stocks performed better in the past year than INNV.
INNV is one of the lesser performing stocks in the Health Care Providers & Services industry. 67% of 102 stocks in the same industry do better.
INNV is currently trading near the lower end of its 52 week range, which is not a good sign. INNV is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month INNV has a been trading in the 2.60 - 3.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, INNV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.16. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.59
6.41
We found 1 important support area.
- Support @2.62 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.16 to 3.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.46 from a horizontal line in the daily time frame.
- Resistance @5.47 from a trend line in the weekly time frame.
- Resistance @6.35 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.58
Mansfield-3.76
10 Day High3.36
10 Day Low2.78
20 Day High3.36
20 Day Low2.6
52 Week High6.69
52 Week Low2.6
Performance
1 Week-6.56%
2 Weeks3.26%
1 Month-6.25%
3 Month-13.37%
6 Month-52.5%
12 Month-30.15%
2 Year-57.65%
3 Year-41.24%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)44.96
LBB2.64
UBB3.25
2.85
-0.04 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.38%
1 Week-6.56%
2 Weeks3.26%
1 Month-6.25%
3 Month-13.37%
6 Month-52.5%
12 Month-30.15%
2 Year-57.65%
3 Year-41.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%8.49%
ATR Inc-19.92%
Range Today0.08
ADR(20)0.24
ADR(20)%8.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.58
Mansfield-3.76
10 Day High3.36
10 Day Low2.78
20 Day High3.36
20 Day Low2.6
52 Week High6.69
52 Week Low2.6
CS1 End2.62
CR1 Start3.16
Volume & EV
DER(3)-8.59%
DER(5)-1.34%
Volume32.38K
Volume Incr-17.64%
Vol(5)34.24K
Vol(50)53.30K