INNOVOTECH INC (IOT.CA) Stock Technical Analysis
TSX-V:IOT - TSX Venture Exchange - CA45772U1049 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to IOT. Both in the recent history as in the last year, IOT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, IOT did better than 96% of all other stocks. On top of that, IOT also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by IOT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month IOT has a been trading in the 0.20 - 0.28 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
IOT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.24, a Stop Loss order could be placed below this zone.
More info and screens
0.14
0.27
We found 3 important support areas.
- A support zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.15 from a trend line in the weekly time frame.
- Support @0.14 from a trend 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 | UP | POSITIVE | The long term trend for IOT.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IOT.CA is up. |
| ChartMill Relative Strength | 96.15 | POSITIVE | IOT.CA has a high relative strength, it outperformed 96.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IOT.CA is above 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) | 58.48 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests IOT.CA may be overbought. |
| Average True Range in percent/ATR (20) | 7.13 | HIGH VOLATILITY | The high ATR as a percentage value for IOT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.82 | NEUTRAL | The ADX value for IOT.CA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.29 | 0.23 | 0.06 (20.69%) | 4.83% |
| An entry @0.29. This is a Buy Stop order right above the 10 day high. | An exit @0.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 20.69%. | For a 1.00% total portfolio risk, you can invest 4.83% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:IOT (6/30/2025, 7:00:00 PM)
0.27
+0.02 (+8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg8%
1 Week17.39%
2 Weeks22.73%
1 Month-3.57%
3 Month80%
6 Month80%
12 Month145.46%
2 Year170%
3 Year80%
5 Year58.82%
10 Year980%
15 Year-65.38%
Volatility
ATR(14)0.02
ATR(20)%7.13%
ATR Inc68%
Range Today0.02
ADR(20)0.01
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.15
Mansfield6.64
10 Day High0.28
10 Day Low0.22
20 Day High0.28
20 Day Low0.2
52 Week High0.28
52 Week Low0.02
CS1 End0.24
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume61.50K
Volume Incr-49%
Vol(5)30.90K
Vol(50)86.03K