Taking everything into account, INOD scores 0 out of 10 in our technical rating. INOD 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, INOD is a bad performer in the overall market: 77% of all stocks are doing better.
- 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 41.92 - 66.93 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- INOD has an average volume of 1261140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- INOD is an average performer in the Professional Services industry, it outperforms 63% of 89 stocks in the same industry.
The technical rating of INOD 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
38.67
When analyzing the support we can see 2 important areas.
- Support @46.75 from a trend line in the weekly time frame.
- Support @39.06 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 56.28 to 57.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @59.49 from a trend line in the weekly time frame.
- Resistance @61.57 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 | NEUTRAL | NEUTRAL | The long term trend for INOD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INOD is down. |
| ChartMill Relative Strength | 23.31 | NEGATIVE | INOD has a low relative strength, it was outperformed by 76.69% 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) | 39.06 | NEUTRAL | The RSI value for INOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.73 | NEGATIVE | The MACD value suggests INOD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.82 | OVERSOLD | The low Stochastics value suggests INOD may be oversold. |
| Average True Range in percent/ATR (20) | 11.57 | HIGH VOLATILITY | The high ATR as a percentage value for INOD suggests high volalility. |
| Average Directional Index/ADX (14) | 20.88 | NEUTRAL | The ADX value for INOD suggests a possible start of a new trend. |
47.59
+4.07 (+9.35%)
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 39.0568. 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 46.75 and a resistance level at 56.28. Check the full technical report for our detailed analysis of INOD support and resistance levels.