Innerworkings Inc (INWK) Stock Technical Analysis
NASDAQ:INWK - Nasdaq -
Taking everything into account, INWK scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INWK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
In the last month INWK has a been trading in the 2.82 - 3.00 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, INWK did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
INWK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INWK is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although INWK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.78
5.47
When analyzing the support we notice one important area.
- A support zone ranging from 2.81 to 2.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.00 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.42 from a horizontal 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 INWK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INWK is up. |
| ChartMill Relative Strength | 91.82 | POSITIVE | INWK has a high relative strength, it outperformed 91.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INWK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INWK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INWK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 78.72 | OVERBOUGHT | The high RSI value suggests INWK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests INWK has a positive trend. |
| Stochastics (14,3) | 95.37 | OVERBOUGHT | The high Stochastics value suggests INWK may be overbought. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for INWK suggests low volalility. |
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)
2.99
0 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.17%
1 Week5.65%
2 Weeks4.91%
1 Month5.65%
3 Month139.2%
6 Month210.17%
12 Month-33.7%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.83%
ATR Inc-65.43%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.82
Mansfield-0.84
10 Day High3
10 Day Low2.82
20 Day High3
20 Day Low2.82
52 Week High5.81
52 Week Low0.87
CS1 End2.9
CR1 Start3
Volume & EV
DER(3)2.96%
DER(5)-0.22%
Volume483.70K
Volume Incr354%
Vol(5)890.44K
Vol(50)354.76K