INNOVAGE HOLDING CORP (INNV) Stock Technical Analysis
NASDAQ:INNV - US45784A1043 - Common Stock
3.74 USD
+0.29 (+8.41%)
3.74 USD
0 (0%)
Taking everything into account, INNV scores 2 out of 10 in our technical rating. In the last year, INNV was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, INNV is a bad performer in the overall market: 92% of all stocks are doing better.
INNV is part of the Health Care Providers & Services industry. There are 104 other stocks in this industry, of which 69% are performing better than INNV.
INNV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month INNV has a been trading in the 3.13 - 3.88 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
INNV has a poor technical rating and the quality of the setup is also 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
3.18
4.39
When analyzing the support we can see 2 important areas.
- Support @3.38 from a trend line in the daily time frame.
- A support zone ranging from 3.21 to 3.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.75 to 3.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.16 from a trend line in the weekly time frame.
- Resistance @4.35 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 | NEUTRAL | NEUTRAL | The long term trend for INNV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INNV is neutral. |
| ChartMill Relative Strength | 8.97 | NEGATIVE | INNV has a low relative strength, it was outperformed by 91.03% 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) | DOWN | NEGATIVE | The current price of INNV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INNV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54 | NEUTRAL | The RSI value for INNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests INNV has a positive trend. |
| Stochastics (14,3) | 59.56 | NEUTRAL | The Stochastics value for INNV is a neutral value. |
| Average True Range in percent/ATR (20) | 6.96 | HIGH VOLATILITY | The high ATR as a percentage value for INNV suggests high volalility. |
| Average Directional Index/ADX (14) | 16.66 | NEGATIVE | The low ADX value for INNV suggests a weak or negative 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)
3.74
+0.29 (+8.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg8.41%
1 Week9.04%
2 Weeks12.99%
1 Month-2.6%
3 Month-4.83%
6 Month12.65%
12 Month-40.92%
2 Year-31.75%
3 Year1.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%6.96%
ATR Inc-4.15%
Range Today0.37
ADR(20)0.25
ADR(20)%6.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.97
Mansfield-1.91
10 Day High3.88
10 Day Low3.18
20 Day High3.88
20 Day Low3.13
52 Week High6.69
52 Week Low2.6
CS1 End3.38
CR1 Start3.75
Volume & EV
DER(3)8.53%
DER(5)8.52%
Volume38.60K
Volume Incr-36.25%
Vol(5)16.62K
Vol(50)36.32K