INNVENTURE INC (INV) Stock Technical Analysis
NASDAQ:INV • US45784M1080
We assign a technical rating of 0 out of 10 to INV. INV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, INV is a bad performer in the overall market: 97% of all stocks are doing better.
- INV is part of the Capital Markets industry. There are 238 other stocks in this industry, of which 86% are performing better than INV.
- INV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- INV has an average volume of 1807820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month INV has a been trading in the 2.52 - 3.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
INV has a poor technical rating and the quality of the setup is also not perfect 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
2.51
When analyzing the support we notice one important area.
- A support zone ranging from 2.54 to 2.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.11 to 3.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.69 from a trend line in the weekly time frame.
- Resistance @6.22 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 | DOWN | NEGATIVE | The long term trend for INV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INV is down. |
| ChartMill Relative Strength | 3.95 | NEGATIVE | INV has a low relative strength, it was outperformed by 96.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.54 | NEUTRAL | The RSI value for INV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INV has a negative trend. |
| Stochastics (14,3) | 15.09 | OVERSOLD | The low Stochastics value suggests INV may be oversold. |
| Average True Range in percent/ATR (20) | 12.83 | HIGH VOLATILITY | The high ATR as a percentage value for INV suggests high volalility. |
| Average Directional Index/ADX (14) | 17.1 | NEGATIVE | The low ADX value for INV suggests a weak or negative trend. |
2.73
-0.11 (-3.87%)
INNVENTURE INC / INV FAQ
What is the ChartMill technical rating of INNVENTURE INC (INV) stock?
ChartMill assigns a technical rating of 0 / 10 to INV.
What is the current trend direction of INNVENTURE INC (INV) stock?
The current trend direction for INNVENTURE INC (INV) is Bearish.
What is the RSI signal for INNVENTURE INC (INV) stock?
INNVENTURE INC (INV) has an RSI value of 36.5375. This indicates that the stock is currently neutral.
What is the buy/sell signal for INV stock?
The buy/sell signal for INNVENTURE INC (INV) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for INNVENTURE INC?
INNVENTURE INC (INV) has a support level at 2.55 and a resistance level at 3.11. Check the full technical report for our detailed analysis of INV support and resistance levels.