INNOVOTECH INC (IOT.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:IOT - CA45772U1049 - Common Stock
Overall IOT gets a technical rating of 5 out of 10. IOT has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month IOT has a been trading in the 0.24 - 0.29 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the performance of all stocks over the past year, IOT turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- 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.
Although the technical rating is only medium, IOT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IOT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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When analyzing the support we can see 3 important areas.
- A support 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.
- A support zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.28 to 0.28. 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 | UP | POSITIVE | The long term trend for IOT.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IOT.CA is neutral. |
| ChartMill Relative Strength | 68.4 | NEUTRAL | IOT.CA is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of IOT.CA is above the rising 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) | 48.85 | 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) | 22.22 | NEUTRAL | The Stochastics value for IOT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.85 | HIGH VOLATILITY | The high ATR as a percentage value for IOT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.48 | NEGATIVE | The low ADX value for IOT.CA suggests a weak or negative trend. |
TSX-V:IOT (1/21/2026, 7:00:00 PM)
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0 (0%)
INNOVOTECH INC / IOT.CA FAQ
Can you provide the ChartMill technical rating for INNOVOTECH INC?
ChartMill assigns a technical rating of 5 / 10 to IOT.CA.
Can you provide the trend direction for INNOVOTECH INC?
The current trend direction for INNOVOTECH INC (IOT.CA) is Bullish.
What is the RSI signal for INNOVOTECH INC (IOT.CA) stock?
INNOVOTECH INC (IOT.CA) has an RSI value of 48.848. This indicates that the stock is currently neutral.
What is the MACD signal for IOT stock?
The MACD indicator for INNOVOTECH INC (IOT.CA) has a value of -0.00273322, indicating a bearish trend.
Can you provide the support and resistance levels for INNOVOTECH INC?
INNOVOTECH INC (IOT.CA) has a support level at 0.24 and a resistance level at 0.26. Check the full technical report for our detailed analysis of IOT.CA support and resistance levels.