INNOVIZ TECHNOLOGIES LTD (INVZ) Stock Technical Analysis
NASDAQ:INVZ - IL0011745804 - Common Stock
1.58 USD
+0.01 (+0.64%)
1.55 USD
-0.03 (-1.9%)
We assign a technical rating of 8 out of 10 to INVZ. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month INVZ has a been trading in the 1.47 - 1.85 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that INVZ is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, INVZ also shows a nice and consistent pattern of rising prices.
INVZ is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. INVZ outperforms 91% of them.
INVZ has an average volume of 8221440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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.
Considerably lower volume is observed in the last couple of days.
INVZ 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 a support zone below the current price at 1.48, a Stop Loss order could be placed below this zone.
More info and screens
1.42
1.91
We found 2 important support areas.
- A support zone ranging from 1.47 to 1.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.43 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.63 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.71 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.87 to 1.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for INVZ is down. |
| ChartMill Relative Strength | 97.73 | POSITIVE | INVZ has a high relative strength, it outperformed 97.73% 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) | UP | MIXED | The current price of INVZ is below 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) | 47.33 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 23.41 | NEUTRAL | The Stochastics value for INVZ is a neutral value. |
| Average True Range in percent/ATR (20) | 9.07 | HIGH VOLATILITY | The high ATR as a percentage value for INVZ suggests high volalility. |
| Average Directional Index/ADX (14) | 17.17 | NEGATIVE | The low ADX value for INVZ suggests a weak or negative 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 |
|---|---|---|---|
| 1.66 | 1.47 | 0.19 (11.45%) | 8.74% |
| An entry @1.66. This is a Buy Stop order right above the resistance zone. | An exit @1.47. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 11.45%. | For a 1.00% total portfolio risk, you can invest 8.74% 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.
1.58
+0.01 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.64%
1 Week-7.6%
2 Weeks-4.24%
1 Month-3.07%
3 Month80.57%
6 Month114.88%
12 Month198.11%
2 Year-18.97%
3 Year-69.67%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%9.07%
ATR Inc-29.82%
Range Today0.08
ADR(20)0.13
ADR(20)%8.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.73
Mansfield3.43
10 Day High1.76
10 Day Low1.48
20 Day High1.85
20 Day Low1.47
52 Week High3.14
52 Week Low0.45
CS1 End1.48
CR1 Start1.63
Volume & EV
DER(3)0.64%
DER(5)-2.92%
Volume3.22M
Volume Incr-35.87%
Vol(5)4.57M
Vol(50)8.22M