INNOSPEC INC (IOSP) Stock Technical Analysis
NASDAQ:IOSP - Nasdaq - US45768S1050 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to IOSP. IOSP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, IOSP is a bad performer in the overall market: 87% of all stocks are doing better.
IOSP is one of the lesser performing stocks in the Chemicals industry. 67% of 85 stocks in the same industry do better.
IOSP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month IOSP has a been trading in the 74.09 - 86.01 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, IOSP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 82.89, a Stop Loss order could be placed below this zone.
More info and screens
77.47
90.21
2 important support areas can be observed.
- A support zone ranging from 81.48 to 82.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.25 to 78.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @86.79 from a trend line in the daily time frame.
- A resistance zone ranging from 88.70 to 89.32. 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 | DOWN | NEGATIVE | The long term trend for IOSP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IOSP is neutral. |
| ChartMill Relative Strength | 13.93 | NEGATIVE | IOSP has a low relative strength, it was outperformed by 86.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IOSP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IOSP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IOSP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.02 | NEUTRAL | The RSI value for IOSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests IOSP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.7 | OVERBOUGHT | The high Stochastics value suggests IOSP may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for IOSP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.46 | NEUTRAL | The ADX value for IOSP suggests a possible start of a new 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)
82.94
-0.53 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.63%
1 Week1.84%
2 Weeks5.59%
1 Month-0.1%
3 Month-6.8%
6 Month-23.34%
12 Month-23.76%
2 Year-22.79%
3 Year-11.26%
5 Year11.05%
10 Year68.92%
15 Year568.87%
Volatility
ATR(14)2.43
ATR(20)%2.58%
ATR Inc-14.72%
Range Today1.7
ADR(20)2.09
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.93
Mansfield-2.53
10 Day High85.3
10 Day Low74.1
20 Day High86.01
20 Day Low74.1
52 Week High128.35
52 Week Low74.1
CS1 End82.89
CR1 Start86.79
Volume & EV
DER(3)0.16%
DER(5)0.32%
Volume296.10K
Volume Incr0.47%
Vol(5)201.08K
Vol(50)223.12K