INNV Technical Analysis - INNOVAGE HOLDING CORP

Technical Rating and Analysis

Overall INNV gets a technical rating of 7 out of 10. Although INNV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

74% of all other stocks performed better in the past year than INNV.

The long and short term trends are both positive. This is looking good!

INNV is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, INNV did better than 54% of them.

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 3.51 - 5.30 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INNOVAGE HOLDING CORP / INNV Weekly stock chart

INNOVAGE HOLDING CORP / INNV Daily stock chart

Setup Rating and Analysis

Although INNV has an excellent technical rating, it does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.28

4.69

We found 3 important support areas.

A support zone ranging from 4.62 to 4.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 3.89 to 3.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 3.31 to 3.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @4.64 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	26.67	NEGATIVE	INNV has a low relative strength, it was outperformed by 73.33% 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)	DOWN	MIXED	The current price of INNV is above a declining SMA(200).
Relative Strength Index/RSI (14)	58.35	NEUTRAL	The RSI value for INNV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests INNV has a positive trend, although the MACD value is declining.
Stochastics (14,3)	76.73	NEUTRAL	The Stochastics value for INNV is a neutral value.
Average True Range in percent/ATR (20)	7.58	HIGH VOLATILITY	The high ATR as a percentage value for INNV suggests high volalility.
Average Directional Index/ADX (14)	28.74	POSITIVE	The high ADX value value for INNV suggests a strong trend.