INFINITY NATURAL RESOUR-CL A (INR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:INR - US4569411030 - Common Stock
We assign a technical rating of 3 out of 10 to INR. In the past year, INR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, INR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 13.18, a Stop Loss order could be placed below this zone.
More info and screens
12.32
2 important support areas can be observed.
- A support zone ranging from 12.93 to 13.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.44 to 12.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @13.43 from a horizontal line in the weekly time frame.
- Resistance @13.76 from a horizontal line in the daily time frame.
- Resistance @15.21 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 INR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | INR has a low relative strength, it was outperformed by 100% 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) | DOWN | MIXED | The current price of INR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.36 | NEUTRAL | The RSI value for INR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests INR has a positive trend. |
| Stochastics (14,3) | 64.69 | NEUTRAL | The Stochastics value for INR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for INR suggests some volalility. |
| Average Directional Index/ADX (14) | 29.3 | POSITIVE | The high ADX value value for INR suggests a strong trend. |
13.24
+0.24 (+1.85%)
INFINITY NATURAL RESOUR-CL A / INR FAQ
What is the ChartMill technical rating of INFINITY NATURAL RESOUR-CL A (INR) stock?
ChartMill assigns a technical rating of 3 / 10 to INR.
What is the trend direction for INR stock?
The current trend direction for INFINITY NATURAL RESOUR-CL A (INR) is Bearish.
Can you provide the RSI signal for INFINITY NATURAL RESOUR-CL A?
INFINITY NATURAL RESOUR-CL A (INR) has an RSI value of 58.3635. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for INFINITY NATURAL RESOUR-CL A?
INFINITY NATURAL RESOUR-CL A (INR) has a support level at 13.18 and a resistance level at 13.43. Check the full technical report for our detailed analysis of INR support and resistance levels.