Adesto Tech (IOTS) Stock Technical Analysis
NASDAQ:IOTS - Nasdaq -
Taking everything into account, IOTS scores 10 out of 10 in our technical rating. 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.
Looking at the yearly performance, IOTS did better than 83% of all other stocks.
A new 52 week high is currently being made by IOTS, 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 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.
Although IOTS has an excellent technical rating, it does not present a decent entry opportunity 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
8.05
12.69
When analyzing the support we can see 2 important 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.
We found 1 important resistance 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.
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. |
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)
12.54
-0.01 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week3.55%
2 Weeks5.29%
1 Month3.89%
3 Month11.96%
6 Month55.2%
12 Month53.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.84%
ATR Inc-87.29%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.09
Mansfield2.89
10 Day High12.55
10 Day Low11.83
20 Day High12.55
20 Day Low11.81
52 Week High12.55
52 Week Low6.68
CS1 End12.28
CR1 Start12.54
Volume & EV
DER(3)-0.39%
DER(5)0.07%
Volume2.34M
Volume Incr381.58%
Vol(5)1.89M
Vol(50)610.57K