INVZ Technical Analysis - INNOVIZ TECHNOLOGIES LTD

Technical Rating and Analysis

Overall INVZ gets a technical rating of 7 out of 10. In the last year, INVZ was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

Looking at the yearly performance, INVZ did better than 93% of all other stocks.

INVZ is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. INVZ outperforms 78% of them.

INVZ has an average volume of 7666520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

INVZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INVZ is lagging the market.

In the last month INVZ has a been trading in the 1.48 - 2.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INNOVIZ TECHNOLOGIES LTD / INVZ Weekly stock chart

INNOVIZ TECHNOLOGIES LTD / INVZ Daily stock chart

Setup Rating and Analysis

INVZ 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.47

2.02

We found 2 important support areas.

A support zone ranging from 1.58 to 1.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 1.48 to 1.48. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 1.70 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.95 from a horizontal line in the daily time frame.
Resistance @2.00 from a trend line in the daily time frame.

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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 INVZ is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for INVZ is neutral.
ChartMill Relative Strength	93.68	POSITIVE	INVZ has a high relative strength, it outperformed 93.68% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of INVZ is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of INVZ is below a declining 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)	46.59	NEUTRAL	The RSI value for INVZ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests INVZ has a negative trend.
Stochastics (14,3)	21.2	NEUTRAL	The Stochastics value for INVZ is a neutral value.
Average True Range in percent/ATR (20)	8.91	HIGH VOLATILITY	The high ATR as a percentage value for INVZ suggests high volalility.
Average Directional Index/ADX (14)	17.04	NEGATIVE	The low ADX value for INVZ suggests a weak or negative trend.