INFINITY NATURAL RESOUR-CL A (INR) Technical Analysis
NYSE:INR • US4569411030
Current stock price
INR Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to INR. Although INR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- INR is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 69% are performing better than INR.
- The long and short term trends are both positive. This is looking good!
- INR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so INR is performing more or less in line with the market.
- In the last month INR has a been trading in the 15.96 - 19.00 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that INR is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Volume is considerably higher in the last couple of days.
INR Weekly and Daily overview Charts
INR Setup Rating and Analysis
Besides having an excellent technical rating, INR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.82, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
INR Support and Resistance Analysis
15.30
We found 3 important support areas.
- A support zone ranging from 17.23 to 17.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.87 from a trend line in the daily time frame.
- Support @15.45 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.48 to 18.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
INR Technical Indicator Signal Analysis
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 INR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INR is up. |
| ChartMill Relative Strength | 76.4 | POSITIVE | INR has a high relative strength, it outperformed 76.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.12 | NEUTRAL | The RSI value for INR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests INR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.3 | NEUTRAL | The Stochastics value for INR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for INR suggests high volalility. |
| Average Directional Index/ADX (14) | 23.69 | NEUTRAL | The ADX value for INR suggests a possible start of a new trend. |
INR Chart- and CandleStick Pattern Analysis
INR Example Setup
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 |
|---|---|---|---|
| 18.57 | 17.22 | 1.35 (7.27%) | 13.76% |
| An entry @18.57. This is a Buy Stop order right above the resistance zone. | An exit @17.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.35 points, which is 7.27%. | When investing 13.76% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of INR. 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.
INR Technicals: Chart, Performance Metrics, Trend & Indicators
18.25
+0.46 (+2.59%)
INFINITY NATURAL RESOUR-CL A / INR TA FAQ
What is the ChartMill technical rating of INFINITY NATURAL RESOUR-CL A (INR) stock?
ChartMill assigns a technical rating of 8 / 10 to INR.
What is the current trend direction of INFINITY NATURAL RESOUR-CL A (INR) stock?
The current trend direction for INFINITY NATURAL RESOUR-CL A (INR) is Bullish.
Can you provide the RSI signal for INFINITY NATURAL RESOUR-CL A?
INFINITY NATURAL RESOUR-CL A (INR) has an RSI value of 59.1225. This indicates that the stock is currently neutral.
What is the MACD signal for INFINITY NATURAL RESOUR-CL A (INR) stock?
The MACD indicator for INFINITY NATURAL RESOUR-CL A (INR) has a value of -0.0771583, indicating a bearish trend.
Can you provide the short term momentum for INFINITY NATURAL RESOUR-CL A?
The short term momentum for INFINITY NATURAL RESOUR-CL A (INR) is positive.