INNOVIVA INC (INVA) Stock Technical Analysis
USA - NASDAQ:INVA - US45781M1018 - Common Stock
We assign a technical rating of 7 out of 10 to INVA. In the last year, INVA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although INVA has an excellent technical rating, it does not present a decent entry opportunity 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
16.93
2 important support areas can be observed.
- A support zone ranging from 18.18 to 18.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.10 to 17.40. 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 | NEUTRAL | NEUTRAL | The long term trend for INVA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INVA is up. |
| ChartMill Relative Strength | 69.45 | NEUTRAL | INVA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.77 | OVERBOUGHT | The high RSI value suggests INVA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests INVA has a positive trend. |
| Stochastics (14,3) | 95.46 | OVERBOUGHT | The high Stochastics value suggests INVA may be overbought. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for INVA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.87 | POSITIVE | The high ADX value value for INVA suggests a strong trend. |
21.9
+1.03 (+4.94%)
INNOVIVA INC / INVA FAQ
Can you provide the ChartMill technical rating for INNOVIVA INC?
ChartMill assigns a technical rating of 7 / 10 to INVA.
What is the trend direction for INVA stock?
The current trend direction for INNOVIVA INC (INVA) is Bearish.
What is the RSI signal for INNOVIVA INC (INVA) stock?
INNOVIVA INC (INVA) has an RSI value of 80.7741. This indicates that the stock is currently overbought.
What is the MACD signal for INVA stock?
The MACD indicator for INNOVIVA INC (INVA) has a value of 0.487712, indicating a bearish trend.
What are the support and resistance levels for INNOVIVA INC (INVA) stock?
INNOVIVA INC (INVA) has a support level at 18.66. Check the full technical report for our detailed analysis of INVA support and resistance levels.