INNOVIZ TECHNOLOGIES LTD (INVZ) Stock Technical Analysis
NASDAQ:INVZ - Nasdaq - IL0011745804 - Common Stock - Currency: USD
Overall INVZ gets a technical rating of 6 out of 10. Although INVZ has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
INVZ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
INVZ has an average volume of 3126190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, INVZ did better than 84% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
INVZ is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, INVZ did better than 66% of them.
In the last month INVZ has a been trading in the 0.83 - 1.17 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.
INVZ has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.51
1.56
We found 4 important support areas.
- A support zone ranging from 0.90 to 0.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.57 from a trend line in the weekly time frame.
- Support @0.52 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @0.99 from a horizontal line in the weekly time frame.
- Resistance @1.01 from a horizontal line in the daily time frame.
- Resistance @1.34 from a trend line in the weekly time frame.
- Resistance @1.54 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 | NEUTRAL | NEUTRAL | The long term trend for INVZ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INVZ is up. |
| ChartMill Relative Strength | 84.41 | POSITIVE | INVZ has a high relative strength, it outperformed 84.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INVZ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INVZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INVZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.68 | NEUTRAL | The RSI value for INVZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INVZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.88 | NEUTRAL | The Stochastics value for INVZ is a neutral value. |
| Average True Range in percent/ATR (20) | 9.19 | HIGH VOLATILITY | The high ATR as a percentage value for INVZ suggests high volalility. |
| Average Directional Index/ADX (14) | 34.2 | POSITIVE | The high ADX value value for INVZ suggests a strong 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)
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 |
|---|---|---|---|
| 1.00 | 0.89 | 0.11 (11.00%) | 9.09% |
| An entry @1.00. This is a Buy Stop order right above the resistance zone. | An exit @0.89. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 11.00%. | For a 1.00% total portfolio risk, you can invest 9.09% of your capital in this trade. |
- 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.
0.941
+0.02 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.06%
1 Week4.42%
2 Weeks-0.61%
1 Month-6.83%
3 Month44.77%
6 Month1.18%
12 Month-3.91%
2 Year-66.87%
3 Year-75.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%9.19%
ATR Inc34.83%
Range Today0.07
ADR(20)0.08
ADR(20)%8.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.41
Mansfield0.09
10 Day High1.04
10 Day Low0.86
20 Day High1.17
20 Day Low0.83
52 Week High3.14
52 Week Low0.45
CS1 End0.91
CR1 Start0.99
Volume & EV
DER(3)1.8%
DER(5)-4.36%
Volume4.32M
Volume Incr10.17%
Vol(5)4.49M
Vol(50)3.13M