We assign a technical rating of 10 out of 10 to IOTS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IOTS is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- 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 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
8.05
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.
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.
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. |
12.54
-0.01 (-0.08%)
Adesto Tech / IOTS 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 current trend direction of Adesto Tech (IOTS) stock?
The current trend direction for Adesto Tech (IOTS) is Bullish.
Can you provide the RSI signal for Adesto Tech?
Adesto Tech (IOTS) has an RSI value of 76.1869. This indicates that the stock is currently overbought.
Can you provide the short term momentum for Adesto Tech?
The short term momentum for Adesto Tech (IOTS) is positive.
What are the support and resistance levels for Adesto Tech (IOTS) stock?
Adesto Tech (IOTS) has a support level at 12.28 and a resistance level at 12.54. Check the full technical report for our detailed analysis of IOTS support and resistance levels.