ITRI Technical Analysis - ITRON INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to ITRI. In the last year, ITRI was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

When comparing the performance of all stocks over the past year, ITRI turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.

ITRI is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, ITRI did better than 40% of them.

ITRI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ITRI is lagging the market.

In the last month ITRI has a been trading in the 117.14 - 126.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, ITRI does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 123.49, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

95.77

139.81

When analyzing the support we can see 3 important areas.

A support zone ranging from 119.54 to 123.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @117.47 from a horizontal line in the daily time frame.
Support @96.74 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 136.40 to 138.43. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 ITRI is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ITRI is neutral.
ChartMill Relative Strength	53.52	NEUTRAL	ITRI is not amongst the best or worst performers 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)	DOWN	NEGATIVE	The current price of ITRI is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ITRI is above the rising SMA(200).
Relative Strength Index/RSI (14)	52.05	NEUTRAL	The RSI value for ITRI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.51	POSITIVE	The MACD value suggests ITRI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	65.6	NEUTRAL	The Stochastics value for ITRI is a neutral value.
Average True Range in percent/ATR (20)	2.22	MEDIUM VOLATILITY	The ATR as a percentage value for ITRI suggests some volalility.
Average Directional Index/ADX (14)	15.65	NEGATIVE	The low ADX value for ITRI suggests a weak or negative trend.