Adesto Tech (IOTS) Technical Analysis
NASDAQ:IOTS
Current stock price
IOTS Technical Rating and Analysis
Overall IOTS gets a technical rating of 10 out of 10. Both in the recent history as in the last year, IOTS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that IOTS is one of the better performing stocks in the market, outperforming 83% of all stocks.
- A new 52 week high is currently being made by IOTS, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so IOTS is leading the market.
- In the last month IOTS has a been trading in the 11.81 - 12.55 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
IOTS Weekly and Daily overview Charts
IOTS Setup Rating and Analysis
Although IOTS has an excellent technical rating, it 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
IOTS Support and Resistance Analysis
8.05
We found 2 important support areas.
- A support zone ranging from 11.73 to 12.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.13 to 8.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.54 to 12.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
IOTS Technical Indicator Signal Analysis
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 IOTS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IOTS is up. |
| ChartMill Relative Strength | 83.09 | POSITIVE | IOTS has a high relative strength, it outperformed 83.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IOTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IOTS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IOTS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.19 | OVERBOUGHT | The high RSI value suggests IOTS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests IOTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.65 | OVERBOUGHT | The high Stochastics value suggests IOTS may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for IOTS suggests low volalility. |
IOTS Chart- and CandleStick Pattern Analysis
IOTS Technicals: Chart, Performance Metrics, Trend & Indicators
12.54
-0.01 (-0.08%)
Adesto Tech / IOTS TA FAQ
What is the ChartMill technical rating of Adesto Tech (IOTS) stock?
ChartMill assigns a technical rating of 9 / 10 to IOTS.
What is the trend direction for IOTS stock?
The current trend direction for Adesto Tech (IOTS) is Bullish.
What is the RSI signal for Adesto Tech (IOTS) stock?
Adesto Tech (IOTS) has an RSI value of 76.1869. This indicates that the stock is currently overbought.
What is the short term momentum for IOTS stock?
The short term momentum for Adesto Tech (IOTS) is positive.
What is the buy/sell signal for Adesto Tech (IOTS) stock?
The buy/sell signal for Adesto Tech (IOTS) is buy as both the short term and long term trends are positive.