Taking everything into account, ITRI scores 0 out of 10 in our technical rating. ITRI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ITRI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 99.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 93.94, a Stop Loss order could be placed below this zone.
More info and screens
91.12
When analyzing the support we notice one important area.
- A support zone ranging from 92.04 to 93.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 99.05 to 100.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 135.69 to 136.39. 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 | DOWN | NEGATIVE | The long term trend for ITRI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ITRI is down. |
| ChartMill Relative Strength | 17.31 | NEGATIVE | ITRI has a low relative strength, it was outperformed by 82.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ITRI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ITRI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ITRI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.74 | NEUTRAL | The RSI value for ITRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests ITRI has a positive trend. |
| Stochastics (14,3) | 36.7 | NEUTRAL | The Stochastics value for ITRI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ITRI suggests some volalility. |
| Average Directional Index/ADX (14) | 47.29 | POSITIVE | The high ADX value value for ITRI suggests a strong trend. |
99.04
+0.48 (+0.49%)
ITRON INC / ITRI FAQ
What is the ChartMill technical rating of ITRON INC (ITRI) stock?
ChartMill assigns a technical rating of 0 / 10 to ITRI.
Can you provide the trend direction for ITRON INC?
The current trend direction for ITRON INC (ITRI) is Bearish.
What is the RSI signal for ITRON INC (ITRI) stock?
ITRON INC (ITRI) has an RSI value of 37.7371. This indicates that the stock is currently neutral.
What is the MACD signal for ITRON INC (ITRI) stock?
The MACD indicator for ITRON INC (ITRI) has a value of 0.64067, indicating a bearish trend.
What is the buy/sell signal for ITRI stock?
The buy/sell signal for ITRON INC (ITRI) is sell as both the short term and long term trends are negative.