INNOVEX INTERNATIONAL INC (INVX) Stock Technical Analysis
NYSE:INVX • US4576511079
Overall INVX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INVX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that INVX is one of the better performing stocks in the market, outperforming 85% of all stocks.
- INVX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INVX is lagging the market slightly.
- INVX is an average performer in the Energy Equipment & Services industry, it outperforms 47% of 60 stocks in the same industry.
- In the last month INVX has a been trading in the 23.88 - 29.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
INVX has an excellent technical rating, but the quality of the setup is only medium 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
15.78
We found 3 important support areas.
- A support zone ranging from 24.76 to 25.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.98 to 24.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.94 from a trend line in the weekly 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 | 85.72 | POSITIVE | INVX has a high relative strength, it outperformed 85.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INVX is above the rising 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) | UP | POSITIVE | The current price of INVX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.11 | NEUTRAL | The RSI value for INVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests INVX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.1 | NEUTRAL | The Stochastics value for INVX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for INVX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.55 | NEUTRAL | The ADX value for INVX suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 26.37 | 24.75 | 1.62 (6.15%) | 16.27% |
| An entry @26.37. This is a Buy Stop order right above the 10 day moving average. | An exit @24.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.62 points, which is 6.15%. | For a 1.00% total portfolio risk, you can invest 16.27% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of INVX. Please evaluate whether better entry and exit points can be found.
- 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.
26.35
-0.29 (-1.09%)
INNOVEX INTERNATIONAL INC / INVX FAQ
Can you provide the ChartMill technical rating for INNOVEX INTERNATIONAL INC?
ChartMill assigns a technical rating of 10 / 10 to INVX.
Can you provide the trend direction for INNOVEX INTERNATIONAL INC?
The current trend direction for INNOVEX INTERNATIONAL INC (INVX) is Bullish.
What is the RSI signal for INVX stock?
INNOVEX INTERNATIONAL INC (INVX) has an RSI value of 54.1067. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INNOVEX INTERNATIONAL INC?
The short term momentum for INNOVEX INTERNATIONAL INC (INVX) is positive.
What is the buy/sell signal for INVX stock?
The buy/sell signal for INNOVEX INTERNATIONAL INC (INVX) is buy as both the short term and long term trends are positive.