Overall INQQ gets a technical rating of 0 out of 10. INQQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
We found 2 important support areas.
- Support @14.58 from a horizontal line in the daily time frame.
- A support zone ranging from 13.31 to 13.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 15.62 to 15.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.05 from a trend line in the weekly time frame.
- A resistance zone ranging from 16.53 to 16.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 16.98 to 17.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 25.6 | NEGATIVE | INQQ has a low relative strength, it was outperformed by 74.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INQQ is above 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) | UP | MIXED | The current price of INQQ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.74 | NEUTRAL | The RSI value for INQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests INQQ has a positive trend. |
| Stochastics (14,3) | 29.41 | NEUTRAL | The Stochastics value for INQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for INQQ suggests low volalility. |
| Average Directional Index/ADX (14) | 30.15 | POSITIVE | The high ADX value value for INQQ suggests a strong trend. |
15.27
+0.3 (+2%)
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 current trend direction of INQQ THE INDIA INTERNET ETF (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 47.7447. This indicates that the stock is currently neutral.
What is the MACD signal for INQQ THE INDIA INTERNET ETF (INQQ) stock?
The MACD indicator for INQQ THE INDIA INTERNET ETF (INQQ) has a value of 0.00416603, indicating a bearish trend.
What are the support and resistance levels for INQQ THE INDIA INTERNET ETF (INQQ) stock?
INQQ THE INDIA INTERNET ETF (INQQ) has a support level at 14.58 and a resistance level at 15.62. Check the full technical report for our detailed analysis of INQQ support and resistance levels.