INQQ THE INDIA INTERNET ETF (INQQ) Stock Technical Analysis
NYSEARCA:INQQ - NYSE Arca - US3015055581 - ETF - Currency: USD
Taking everything into account, INQQ scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, INQQ is only an average performer.
Warning: INQQ has an average volume of 25914 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the performance of all stocks over the past year, INQQ turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
INQQ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INQQ is lagging the market slightly.
In the last month INQQ has a been trading in the 15.57 - 16.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although INQQ has an excellent technical rating, the quality of the presented setup is 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
13.36
15.98
We found 2 important support areas.
- A support zone ranging from 15.53 to 15.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.49 to 13.78. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @15.82 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 | UP | POSITIVE | The long term trend for INQQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INQQ is neutral. |
| ChartMill Relative Strength | 68.55 | NEUTRAL | INQQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INQQ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INQQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INQQ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.2 | NEUTRAL | The RSI value for INQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests INQQ has a negative trend. |
| Stochastics (14,3) | 9.63 | OVERSOLD | The low Stochastics value suggests INQQ may be oversold. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for INQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 16.43 | NEGATIVE | The low ADX value for INQQ 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.83 | 15.80 | 0.03 (0.20%) | 25.00% |
| An entry @15.83. This is a Buy Stop order right above the resistance zone. | An exit @15.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.03 points, which is 0.20%. | For a 0.05% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of INQQ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:INQQ (6/20/2025, 8:04:01 PM)
15.81
-0.1 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.66%
1 Week-2.59%
2 Weeks-2.41%
1 Month0.49%
3 Month8.51%
6 Month-4.59%
12 Month5.68%
2 Year28.96%
3 Year34.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.35%
ATR Inc-27.85%
Range Today0.18
ADR(20)0.15
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.55
Mansfield-0.17
10 Day High16.58
10 Day Low15.81
20 Day High16.58
20 Day Low15.57
52 Week High17.34
52 Week Low13.25
CS1 End15.81
CR1 Start15.82
Volume & EV
DER(3)5.49%
DER(5)2.92%
Volume10.30K
Volume Incr1.46%
Vol(5)17.42K
Vol(50)25.91K