INVA Technical Analysis - INNOVIVA INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to INVA. INVA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, INVA is a bad performer in the overall market: 81% of all stocks are doing better.

In the last month INVA has a been trading in the 19.11 - 21.13 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

INVA is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, INVA did better than 46% of them.

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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of INVA is bad and it also does not present a quality setup 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

16.93

22.02

We found 3 important support areas.

A support zone ranging from 18.59 to 18.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @18.24 from a horizontal line in the daily time frame.
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.

We can see 3 important resistance areas.

A resistance zone ranging from 20.24 to 20.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @20.92 from a horizontal line in the daily time frame.
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.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for INVA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for INVA is down.
ChartMill Relative Strength	19.4	NEGATIVE	INVA has a low relative strength, it was outperformed by 80.6% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of INVA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of INVA is below a declining 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)	40.53	NEUTRAL	The RSI value for INVA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests INVA has a negative trend.
Stochastics (14,3)	15.54	OVERSOLD	The low Stochastics value suggests INVA may be oversold.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for INVA suggests some volalility.
Average Directional Index/ADX (14)	18.85	NEGATIVE	The low ADX value for INVA suggests a weak or negative trend.