We assign a technical rating of 7 out of 10 to INNV. In the last year, INNV was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, INNV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. 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.
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3.50
When analyzing the support we can see 6 important areas.
- A support zone ranging from 5.21 to 5.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.78 to 4.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.48 from a horizontal line in the weekly time frame.
- Support @4.14 from a trend line in the daily time frame.
- Support @3.63 from a trend line in the daily time frame.
- Support @3.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @5.34 from a horizontal line in the weekly time frame.
- Resistance @5.62 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 | NEUTRAL | NEUTRAL | The short term trend for INNV is neutral. |
| ChartMill Relative Strength | 88.77 | POSITIVE | INNV has a high relative strength, it outperformed 88.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INNV is above a declining 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) | 52.11 | NEUTRAL | The RSI value for INNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests INNV has a positive trend. |
| Stochastics (14,3) | 49.21 | NEUTRAL | The Stochastics value for INNV is a neutral value. |
| Average True Range in percent/ATR (20) | 11.96 | HIGH VOLATILITY | The high ATR as a percentage value for INNV suggests high volalility. |
| Average Directional Index/ADX (14) | 17.9 | 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 |
|---|---|---|---|
| 5.35 | 5.20 | 0.15 (2.80%) | 25.00% |
| An entry @5.35. 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 0.15 points, which is 2.80%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of INNV. Please evaluate whether better entry and exit points can be found.
- 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.
5.25
+0.3 (+6.06%)
INNOVAGE HOLDING CORP / INNV FAQ
Can you provide the ChartMill technical rating for INNOVAGE HOLDING CORP?
ChartMill assigns a technical rating of 7 / 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 52.1079. This indicates that the stock is currently neutral.
What are the support and resistance levels for INNOVAGE HOLDING CORP (INNV) stock?
INNOVAGE HOLDING CORP (INNV) has a support level at 5.25 and a resistance level at 5.34. Check the full technical report for our detailed analysis of INNV support and resistance levels.