INNVENTURE INC (INV) Technical Analysis
NASDAQ:INV • US45784M1080
Current stock price
INV Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to INV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INV is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- INV is one of the better performing stocks in the Capital Markets industry, it outperforms 93% of 240 stocks in the same industry.
- INV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INV is lagging the market slightly.
- In the last month INV has a been trading in the 3.53 - 6.41 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- INV has an average volume of 1656430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that INV is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
INV Weekly and Daily overview Charts
INV Setup Rating and Analysis
Although INV has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
INV Support and Resistance Analysis
2.52
2 important support areas can be observed.
- A support zone ranging from 4.27 to 4.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.55 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @6.22 from a horizontal line in the daily time frame.
INV 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 INV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INV is up. |
| ChartMill Relative Strength | 90.09 | POSITIVE | INV has a high relative strength, it outperformed 90.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.1 | OVERBOUGHT | The high RSI value suggests INV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests INV has a positive trend. |
| Stochastics (14,3) | 86.19 | OVERBOUGHT | The high Stochastics value suggests INV may be overbought. |
| Average True Range in percent/ATR (20) | 7.5 | HIGH VOLATILITY | The high ATR as a percentage value for INV suggests high volalility. |
| Average Directional Index/ADX (14) | 23.28 | NEUTRAL | The ADX value for INV suggests a possible start of a new trend. |
INV Chart- and CandleStick Pattern Analysis
INV Technicals: Chart, Performance Metrics, Trend & Indicators
6.06
-0.13 (-2.1%)
INNVENTURE INC / INV TA FAQ
What is the ChartMill technical rating of INNVENTURE INC (INV) stock?
ChartMill assigns a technical rating of 9 / 10 to INV.
What is the current trend direction of INNVENTURE INC (INV) stock?
The current trend direction for INNVENTURE INC (INV) is Bullish.
Can you provide the RSI signal for INNVENTURE INC?
INNVENTURE INC (INV) has an RSI value of 72.0981. This indicates that the stock is currently overbought.
Can you provide the short term momentum for INNVENTURE INC?
The short term momentum for INNVENTURE INC (INV) is positive.
What is the support and resistance level for INV stock?
INNVENTURE INC (INV) has a support level at 4.29 and a resistance level at 6.22. Check the full technical report for our detailed analysis of INV support and resistance levels.