We assign a technical rating of 2 out of 10 to ITRI. Recently some decent action could be observed, but in the medium term time frame this is still negative. ITRI was also a bad performer in the overall market in the last year.
Although the technical rating is bad, ITRI 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 98.91, a Stop Loss order could be placed below this zone.
91.12
We found 3 important support areas.
We can see 2 important resistance areas.
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 | DOWN | NEGATIVE | The long term trend for ITRI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ITRI is neutral. |
| ChartMill Relative Strength | 27.37 | NEGATIVE | ITRI has a low relative strength, it was outperformed by 72.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITRI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ITRI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ITRI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.78 | NEUTRAL | The RSI value for ITRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests ITRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.43 | NEUTRAL | The Stochastics value for ITRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for ITRI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.83 | NEUTRAL | The ADX value for ITRI suggests a possible start of a new trend. |
99.08
-1.11 (-1.11%)
ChartMill assigns a technical rating of 2 / 10 to ITRI.
The current trend direction for ITRON INC (ITRI) is Bearish.
ITRON INC (ITRI) has an RSI value of 51.7836. This indicates that the stock is currently neutral.
The MACD indicator for ITRON INC (ITRI) has a value of 0.206535, indicating a bearish trend.
The short term momentum for ITRON INC (ITRI) is neutral.