Innerworkings Inc (INWK) Stock Technical Analysis
USA - NASDAQ:INWK -
Overall INWK gets a technical rating of 9 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, INWK is showing a nice and steady performance.
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
We found 1 important support 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.
We can see 2 important resistance areas.
- 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. |
2.99
0 (-0.17%)
Innerworkings Inc / INWK FAQ
Can you provide the ChartMill technical rating for Innerworkings Inc?
ChartMill assigns a technical rating of 8 / 10 to INWK.
What is the trend direction for INWK stock?
The current trend direction for Innerworkings Inc (INWK) is Bullish.
Can you provide the RSI signal for Innerworkings Inc?
Innerworkings Inc (INWK) has an RSI value of 78.7195. This indicates that the stock is currently overbought.
What is the short term momentum for INWK stock?
The short term momentum for Innerworkings Inc (INWK) is positive.
What is the support and resistance level for INWK stock?
Innerworkings Inc (INWK) has a support level at 2.9 and a resistance level at 3. Check the full technical report for our detailed analysis of INWK support and resistance levels.