INNOVEX INTERNATIONAL INC (INVX) Stock Technical Analysis
NYSE:INVX - New York Stock Exchange, Inc. - US4576511079 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to INVX. In the last year, INVX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
INVX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.12, a Stop Loss order could be placed below this zone.
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13.33
4 important support areas can be observed.
- A support zone ranging from 15.42 to 16.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.08 from a horizontal line in the daily time frame.
- A support zone ranging from 14.18 to 14.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.46 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @16.27 from a trend line in the daily time frame.
- Resistance @16.79 from a horizontal line in the daily time frame.
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 INVX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INVX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | INVX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INVX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INVX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INVX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.6 | NEUTRAL | The RSI value for INVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests INVX has a positive trend. |
| Stochastics (14,3) | 85.05 | OVERBOUGHT | The high Stochastics value suggests INVX may be overbought. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for INVX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for INVX suggests a weak or negative trend. |
16.24
+0.04 (+0.25%)