Taking everything into account, INQQ scores 0 out of 10 in our technical rating. INQQ'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.
- 79% of all other stocks performed better in the past year than INQQ.
- In the last month INQQ has a been trading in the 14.20 - 15.35 range, which is quite wide. It is currently trading near the lows of this range.
- INQQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INQQ is lagging the market.
The technical rating of INQQ 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
13.18
When analyzing the support we can see 2 important areas.
- Support @13.76 from a horizontal line in the weekly time frame.
- A support zone ranging from 13.31 to 13.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 14.76 to 14.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 15.14 to 15.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.79 to 15.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.35 to 16.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.98 from a horizontal line in the weekly 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 INQQ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INQQ is down. |
| ChartMill Relative Strength | 21.09 | NEGATIVE | INQQ has a low relative strength, it was outperformed by 78.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INQQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INQQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INQQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.7 | OVERSOLD | The low RSI value suggests INQQ may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests INQQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.69 | OVERSOLD | The low Stochastics value suggests INQQ may be oversold. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for INQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 32.82 | POSITIVE | The high ADX value value for INQQ suggests a strong trend. |
14.27
-0.08 (-0.56%)
INQQ THE INDIA INTERNET ETF / INQQ FAQ
What is the technical rating for INQQ stock?
ChartMill assigns a technical rating of 0 / 10 to INQQ.
What is the trend direction for INQQ stock?
The current trend direction for INQQ THE INDIA INTERNET ETF (INQQ) is Bearish.
What is the RSI signal for INQQ THE INDIA INTERNET ETF (INQQ) stock?
INQQ THE INDIA INTERNET ETF (INQQ) has an RSI value of 28.7023. This indicates that the stock is currently oversold.
What is the short term momentum for INQQ stock?
The short term momentum for INQQ THE INDIA INTERNET ETF (INQQ) is negative.
Can you provide the buy/sell signal for INQQ THE INDIA INTERNET ETF?
The buy/sell signal for INQQ THE INDIA INTERNET ETF (INQQ) is sell as both the short term and long term trends are negative.