INNOVIVA INC (INVA) Technical Analysis
NASDAQ:INVA • US45781M1018
Current stock price
INVA Technical Rating and Analysis
Taking everything into account, INVA scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INVA is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that INVA is one of the better performing stocks in the market, outperforming 77% of all stocks.
- INVA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so INVA is performing more or less in line with the market.
- In the last month INVA has a been trading in the 21.61 - 23.63 range, which is quite wide. It is currently trading near the high of this range.
- INVA is an average performer in the Pharmaceuticals industry, it outperforms 63% of 192 stocks in the same industry.
INVA Weekly and Daily overview Charts
INVA Setup Rating and Analysis
INVA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 22.61, a Stop Loss order could be placed below this zone.
More info and screens
INVA Support and Resistance Analysis
17.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.70 to 22.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.28 from a trend line in the weekly time frame.
- Support @17.28 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @24.24 from a horizontal line in the daily time frame.
INVA 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 INVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INVA is up. |
| ChartMill Relative Strength | 77.78 | POSITIVE | INVA has a high relative strength, it outperformed 77.78% off all stocks 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) | 58.02 | NEUTRAL | The RSI value for INVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests INVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.39 | OVERBOUGHT | The high Stochastics value suggests INVA may be overbought. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for INVA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.46 | POSITIVE | The high ADX value value for INVA suggests a strong trend. |
INVA Chart- and CandleStick Pattern Analysis
INVA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.64 | 21.60 | 2.04 (8.61%) | 11.62% |
| An entry @23.64. This is a Buy Stop order right above the 10 day high. | An exit @21.60. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.04 points, which is 8.61%. | When investing 11.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
INVA Technicals: Chart, Performance Metrics, Trend & Indicators
22.99
-0.42 (-1.79%)
INNOVIVA INC / INVA TA FAQ
Can you provide the ChartMill technical rating for INNOVIVA INC?
ChartMill assigns a technical rating of 9 / 10 to INVA.
Can you provide the trend direction for INNOVIVA INC?
The current trend direction for INNOVIVA INC (INVA) is Bullish.
Can you provide the RSI signal for INNOVIVA INC?
INNOVIVA INC (INVA) has an RSI value of 58.0208. This indicates that the stock is currently neutral.
What is the MACD signal for INVA stock?
The MACD indicator for INNOVIVA INC (INVA) has a value of 0.0981503, indicating a bearish trend.
What is the support and resistance level for INVA stock?
INNOVIVA INC (INVA) has a support level at 22.61 and a resistance level at 24.24. Check the full technical report for our detailed analysis of INVA support and resistance levels.