Overall INOD gets a technical rating of 6 out of 10. Although INOD has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
INOD has an average technical rating and the quality of the presented setup is also not ideal 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
45.15
When analyzing the support we can see 5 important areas.
- A support zone ranging from 58.02 to 59.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.58 from a trend line in the daily time frame.
- Support @50.20 from a trend line in the daily time frame.
- Support @47.79 from a trend line in the weekly time frame.
- Support @45.61 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.97 to 65.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 INOD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INOD is up. |
| ChartMill Relative Strength | 83.88 | POSITIVE | INOD has a high relative strength, it outperformed 83.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INOD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of INOD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INOD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.49 | NEUTRAL | The RSI value for INOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.59 | POSITIVE | The MACD value suggests INOD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.65 | OVERBOUGHT | The high Stochastics value suggests INOD may be overbought. |
| Average True Range in percent/ATR (20) | 5.46 | HIGH VOLATILITY | The high ATR as a percentage value for INOD suggests high volalility. |
| Average Directional Index/ADX (14) | 24.7 | NEUTRAL | The ADX value for INOD suggests a possible start of a new trend. |
61.66
-3.31 (-5.09%)
INNODATA INC / INOD FAQ
What is the ChartMill technical rating of INNODATA INC (INOD) stock?
ChartMill assigns a technical rating of 6 / 10 to INOD.
What is the current trend direction of INNODATA INC (INOD) stock?
The current trend direction for INNODATA INC (INOD) is Bearish.
Can you provide the RSI signal for INNODATA INC?
INNODATA INC (INOD) has an RSI value of 57.4945. This indicates that the stock is currently neutral.
What is the short term momentum for INOD stock?
The short term momentum for INNODATA INC (INOD) is positive.
What are the support and resistance levels for INNODATA INC (INOD) stock?
INNODATA INC (INOD) has a support level at 59.05 and a resistance level at 64.97. Check the full technical report for our detailed analysis of INOD support and resistance levels.