INNOVOTECH INC (IOT.CA) Stock Technical Analysis
TSX-V:IOT - CA45772U1049 - Common Stock
0.23 CAD
-0.01 (-4.17%)
Taking everything into account, IOT scores 5 out of 10 in our technical rating. In the last year, IOT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
IOT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, IOT did better than 92% of all other stocks. On top of that, IOT also shows a nice and consistent pattern of rising prices.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
IOT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IOT is lagging the market.
Considerably lower volume is observed in the last couple of days.
IOT has an average technical rating and it also does not offer a high 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.
More info and screens
0.16
0.24
We found 2 important support areas.
- Support @0.17 from a trend line in the weekly time frame.
- Support @0.16 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for IOT.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IOT.CA is down. |
| ChartMill Relative Strength | 92.73 | POSITIVE | IOT.CA has a high relative strength, it outperformed 92.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IOT.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IOT.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IOT.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.93 | NEUTRAL | The RSI value for IOT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IOT.CA has a negative trend. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for IOT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.39 | HIGH VOLATILITY | The high ATR as a percentage value for IOT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.66 | NEGATIVE | The low ADX value for IOT.CA suggests a weak or negative 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)
TSX-V:IOT (9/2/2025, 7:00:00 PM)
0.23
-0.01 (-4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-4.17%
1 Week0%
2 Weeks-4.17%
1 Month-32.35%
3 Month-13.21%
6 Month17.95%
12 Month206.67%
2 Year142.11%
3 Year27.78%
5 Year9.52%
10 Year820%
15 Year-55.77%
Volatility
ATR(14)0.01
ATR(20)%7.39%
ATR Inc35.48%
Range Today0.02
ADR(20)0.01
ADR(20)%5.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.73
Mansfield1.94
10 Day High0.25
10 Day Low0.2
20 Day High0.33
20 Day Low0.2
52 Week High0.34
52 Week Low0.06
CS1 End0.17
CR1 Start0.24
Volume & EV
DER(3)-444.44%
DER(5)-316.2%
Volume44.01K
Volume Incr-53.08%
Vol(5)18.17K
Vol(50)37.24K