Overall IOSP gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. IOSP was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, IOSP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 78.19. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
69.91
We found 2 important support areas.
- Support @72.13 from a horizontal line in the weekly time frame.
- Support @70.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 78.19 to 79.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.61 from a trend line in the daily time frame.
- Resistance @85.48 from a horizontal line in the daily time frame.
- Resistance @88.84 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for IOSP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IOSP is up. |
| ChartMill Relative Strength | 19.2 | NEGATIVE | IOSP has a low relative strength, it was outperformed by 80.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IOSP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IOSP is above the rising 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) | 58.49 | NEUTRAL | The RSI value for IOSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests IOSP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.42 | NEUTRAL | The Stochastics value for IOSP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for IOSP suggests some volalility. |
| Average Directional Index/ADX (14) | 31.34 | POSITIVE | The high ADX value value for IOSP suggests a strong trend. |
78.08
+0.2 (+0.26%)
INNOSPEC INC / IOSP FAQ
Can you provide the ChartMill technical rating for INNOSPEC INC?
ChartMill assigns a technical rating of 4 / 10 to IOSP.
Can you provide the trend direction for INNOSPEC INC?
The current trend direction for INNOSPEC INC (IOSP) is Bearish.
What is the RSI signal for IOSP stock?
INNOSPEC INC (IOSP) has an RSI value of 58.4895. This indicates that the stock is currently neutral.
What is the MACD signal for IOSP stock?
The MACD indicator for INNOSPEC INC (IOSP) has a value of 0.166884, indicating a bearish trend.
What is the short term momentum for IOSP stock?
The short term momentum for INNOSPEC INC (IOSP) is positive.