NOTV Technical Analysis - INOTIV INC

Technical Rating and Analysis

Overall NOTV gets a technical rating of 0 out of 10. NOTV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, NOTV is a bad performer in the overall market: 93% of all stocks are doing better.

NOTV is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, of which 76% are performing better than NOTV.

NOTV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month NOTV has a been trading in the 1.26 - 1.68 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

NOTV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.32

2.77

2 important support areas can be observed.

Support @1.37 from a horizontal line in the weekly time frame.
Support @1.33 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

Resistance @1.52 from a horizontal line in the daily time frame.
Resistance @1.55 from a trend line in the weekly time frame.
Resistance @1.62 from a trend line in the daily time frame.
Resistance @2.74 from a trend line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for NOTV is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NOTV is neutral.
ChartMill Relative Strength	7.71	NEGATIVE	NOTV has a low relative strength, it was outperformed by 92.29% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NOTV is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NOTV is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NOTV is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.61	NEUTRAL	The RSI value for NOTV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests NOTV has a positive trend, although the MACD value is declining.
Stochastics (14,3)	68.52	NEUTRAL	The Stochastics value for NOTV is a neutral value.
Average True Range in percent/ATR (20)	8.37	HIGH VOLATILITY	The high ATR as a percentage value for NOTV suggests high volalility.
Average Directional Index/ADX (14)	17.59	NEGATIVE	The low ADX value for NOTV suggests a weak or negative trend.