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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, INNV is a bad performer in the overall market: 91% of all stocks are doing better.
INNV is one of the lesser performing stocks in the Health Care Providers & Services industry. 66% of 103 stocks in the same industry do better.
INNV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INNV is lagging the market.
In the last month INNV has a been trading in the 3.13 - 4.48 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of INNV is bad and it also does not present a 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.
More info and screens
3.10
5.23
We can see 3 important resistance areas.
- A resistance zone ranging from 4.23 to 4.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.40 from a trend line in the daily time frame.
- Resistance @5.18 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 | NEUTRAL | NEUTRAL | The long term trend for INNV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INNV is down. |
| ChartMill Relative Strength | 9.68 | NEGATIVE | INNV has a low relative strength, it was outperformed by 90.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INNV is below 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) | 30.51 | NEUTRAL | The RSI value for INNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests INNV has a negative trend. |
| Stochastics (14,3) | 1.04 | OVERSOLD | The low Stochastics value suggests INNV may be oversold. |
| Average True Range in percent/ATR (20) | 9.42 | HIGH VOLATILITY | The high ATR as a percentage value for INNV suggests high volalility. |
| Average Directional Index/ADX (14) | 18 | 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)
3.13
-0.19 (-5.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-5.72%
1 Week-18.49%
2 Weeks-20.36%
1 Month-29.82%
3 Month-0.63%
6 Month-17.63%
12 Month-48.6%
2 Year-42.88%
3 Year-14.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%9.42%
ATR Inc-0.99%
Range Today0.33
ADR(20)0.28
ADR(20)%9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.68
Mansfield-3.29
10 Day High4.1
10 Day Low3.13
20 Day High4.48
20 Day Low3.13
52 Week High6.69
52 Week Low2.6
CS1 EndN/A
CR1 Start4.23
Volume & EV
DER(3)-6.16%
DER(5)-8.63%
Volume34.98K
Volume Incr-34.9%
Vol(5)33.00K
Vol(50)39.23K