INNOVIVA INC (INVA) Stock Technical Analysis
NASDAQ:INVA - Nasdaq - US45781M1018 - Common Stock - Currency: USD
Overall INVA gets a technical rating of 5 out of 10. INVA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
In the last month INVA has a been trading in the 17.89 - 20.58 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, INVA turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
INVA is an average performer in the Pharmaceuticals industry, it outperforms 61% of 193 stocks in the same industry.
INVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INVA is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
INVA has an average technical rating and it also 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
16.93
22.02
3 important support areas can be observed.
- A support zone ranging from 18.70 to 19.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.24 to 18.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.10 to 17.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.69 to 21.80. 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 | NEUTRAL | NEUTRAL | The short term trend for INVA is neutral. |
| ChartMill Relative Strength | 64.98 | 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) | 62.68 | NEUTRAL | The RSI value for INVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests INVA has a positive trend. |
| Stochastics (14,3) | 68.63 | NEUTRAL | The Stochastics value for INVA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for INVA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.07 | NEUTRAL | The ADX value for INVA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.09
+0.44 (+2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.24%
1 Week8.95%
2 Weeks8.83%
1 Month0.65%
3 Month8.13%
6 Month11.12%
12 Month9.42%
2 Year57.57%
3 Year52.66%
5 Year71.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%2.71%
ATR Inc150.93%
Range Today0.61
ADR(20)0.51
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.98
Mansfield-0.3
10 Day High20.11
10 Day Low17.89
20 Day High20.58
20 Day Low17.89
52 Week High22
52 Week Low16.67
CS1 End19.27
CR1 Start21.69
Volume & EV
DER(3)3.11%
DER(5)1.75%
Volume1.15M
Volume Incr42.99%
Vol(5)1.13M
Vol(50)969.14K