INOD Technical Analysis - INNODATA INC

Technical Rating and Analysis

Overall INOD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INOD is showing a nice and steady performance.

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

Looking at the yearly performance, INOD did better than 98% of all other stocks. We also observe that the gains produced by INOD over the past year are nicely spread over this period.

INOD is one of the better performing stocks in the Professional Services industry, it outperforms 97% of 81 stocks in the same industry.

INOD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INOD is lagging the market slightly.

In the last month INOD has a been trading in the 36.25 - 77.47 range, which is quite wide. It is currently trading near the high of this range.

INOD has an average volume of 2638160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

INOD has an excellent technical rating, but the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

37.50

69.31

3 important support areas can be observed.

A support zone ranging from 68.57 to 68.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @39.94 from a trend line in the weekly time frame.
Support @37.88 from a trend line in the daily time frame.

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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 INOD is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for INOD is up.
ChartMill Relative Strength	98.22	POSITIVE	INOD has a high relative strength, it outperformed 98.22% 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)	UP	POSITIVE	The current price of INOD is above the rising 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)	71.12	OVERBOUGHT	The high RSI value suggests INOD may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.15	POSITIVE	The MACD value suggests INOD has a positive trend, although the MACD value is declining.
Stochastics (14,3)	80.98	OVERBOUGHT	The high Stochastics value suggests INOD may be overbought.
Average True Range in percent/ATR (20)	6.72	HIGH VOLATILITY	The high ATR as a percentage value for INOD suggests high volalility.
Average Directional Index/ADX (14)	41.27	POSITIVE	The high ADX value value for INOD suggests a strong trend.