Invuity Inc. (IVTY) Stock Technical Analysis
NASDAQ:IVTY - Nasdaq -
Taking everything into account, IVTY scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IVTY is showing a nice and steady performance.
Besides having an excellent technical rating, IVTY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 7.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.38, a Stop Loss order could be placed below this zone.
More info and screens
3.70
We found 3 important support areas.
- A support zone ranging from 7.38 to 7.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.23 from a trend line in the weekly time frame.
- A support zone ranging from 3.74 to 3.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.39 to 7.44. This zone is formed by a combination of multiple trend lines and important moving averages 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 IVTY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IVTY is up. |
| ChartMill Relative Strength | 94.54 | POSITIVE | IVTY has a high relative strength, it outperformed 94.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IVTY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IVTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IVTY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.35 | OVERBOUGHT | The high RSI value suggests IVTY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests IVTY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.74 | NEUTRAL | The Stochastics value for IVTY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for IVTY suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.40 | 7.37 | 0.03 (0.46%) | 25.00% |
| An entry @7.40. This is a Buy Stop order right above the 10 day moving average. | An exit @7.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.03 points, which is 0.46%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IVTY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.39
-0.01 (-0.14%)