INNODATA INC (INOD) Stock Technical Analysis
NASDAQ:INOD • US4576422053
Overall INOD gets a technical rating of 0 out of 10. INOD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 84% of all other stocks performed better in the past year than INOD.
- INOD 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.
- In the last month INOD has a been trading in the 40.82 - 63.76 range, which is quite wide. It is currently trading near the lows of this range.
- INOD has an average volume of 1324090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- INOD is part of the Professional Services industry. There are 88 other stocks in this industry, INOD did better than 57% of them.
Although the technical rating is bad, INOD does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
39.49
We found 3 important support areas.
- Support @44.16 from a horizontal line in the weekly time frame.
- A support zone ranging from 43.01 to 43.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @39.89 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @47.59 from a horizontal line in the daily time frame.
- A resistance zone ranging from 55.39 to 56.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.02 from a trend line in the daily time frame.
- Resistance @65.01 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for INOD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INOD is down. |
| ChartMill Relative Strength | 16.17 | NEGATIVE | INOD has a low relative strength, it was outperformed by 83.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INOD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INOD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of INOD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.73 | NEUTRAL | The RSI value for INOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests INOD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.77 | NEUTRAL | The Stochastics value for INOD is a neutral value. |
| Average True Range in percent/ATR (20) | 9.34 | HIGH VOLATILITY | The high ATR as a percentage value for INOD suggests high volalility. |
| Average Directional Index/ADX (14) | 28.11 | POSITIVE | The high ADX value value for INOD suggests a strong trend. |
44.17
-3.41 (-7.17%)
INNODATA INC / INOD FAQ
What is the ChartMill technical rating of INNODATA INC (INOD) stock?
ChartMill assigns a technical rating of 0 / 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 40.7251. 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 negative.
What are the support and resistance levels for INNODATA INC (INOD) stock?
INNODATA INC (INOD) has a support level at 44.16 and a resistance level at 47.59. Check the full technical report for our detailed analysis of INOD support and resistance levels.