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INNOVATIVE INTERNATIONAL A-A (IOAC) Stock Technical Analysis

NASDAQ:IOAC - KYG4809M1096 - Common Stock

9.6 USD
-1.88 (-16.38%)
Last: 12/28/2023, 8:00:03 PM
6.84 USD
-2.76 (-28.75%)
After Hours: 12/28/2023, 8:00:03 PM
Technical Rating and Analysis

2

Overall IOAC gets a technical rating of 2 out of 10. IOAC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, IOAC is a bad performer in the overall market: 80% of all stocks are doing better.
Warning: IOAC has an average volume of 15416 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month IOAC has a been trading in the 8.00 - 12.89 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
IOAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IOAC is lagging the market.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
INNOVATIVE INTERNATIONAL A-A / IOAC Weekly stock chart
INNOVATIVE INTERNATIONAL A-A / IOAC Daily stock chart
Setup Rating and Analysis

2

The technical rating of IOAC is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

9.50

9.79

We found 1 important resistance area.

  • A resistance zone ranging from 9.61 to 9.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for IOAC is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for IOAC is neutral.
ChartMill Relative Strength20.28NEGATIVEIOAC has a low relative strength, it was outperformed by 79.72% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of IOAC is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of IOAC is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of IOAC is below a declining SMA(200).
Relative Strength Index/RSI (14)45.66NEUTRALThe RSI value for IOAC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.05POSITIVEThe MACD value suggests IOAC has a positive trend, although the MACD value is declining.
Stochastics (14,3)70.83NEUTRALThe Stochastics value for IOAC is a neutral value.
Average True Range in percent/ATR (20)12.39HIGH VOLATILITYThe high ATR as a percentage value for IOAC suggests high volalility.
Average Directional Index/ADX (14)34.92POSITIVEThe high ADX value value for IOAC suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
INNOVATIVE INTERNATIONAL A-A / IOAC Daily stock chart

INNOVATIVE INTERNATIONAL A-A

NASDAQ:IOAC (12/28/2023, 8:00:03 PM)

After market: 6.84 -2.76 (-28.75%)

9.6

-1.88 (-16.38%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-16.38%
1 Week-16.74%
2 Weeks-15.86%
1 Month-2.72%
3 Month-14.97%
6 Month-12.09%
12 Month-5.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.42
ATR(20)%12.39%
ATR Inc156.66%
Range Today4.58
ADR(20)0.98
ADR(20)%10.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.28
Mansfield-1.99
10 Day High12.89
10 Day Low8.31
20 Day High12.89
20 Day Low8
52 Week High14.75
52 Week Low7.42
CS1 EndN/A
CR1 Start9.61
Volume & EV
DER(3)15.8%
DER(5)15.41%
Volume36.60K
Volume Incr-14.87%
Vol(5)9.16K
Vol(50)15.42K