We assign a technical rating of 0 out of 10 to PIN. PIN 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 technical rating of PIN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.86
When analyzing the support we notice one important area.
- A support zone ranging from 23.09 to 23.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 25.92 to 26.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @26.68 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.11 to 27.12. 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 PIN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PIN is down. |
| ChartMill Relative Strength | 23.47 | NEGATIVE | PIN has a low relative strength, it was outperformed by 76.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.41 | NEUTRAL | The RSI value for PIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PIN has a negative trend. |
| Stochastics (14,3) | 8.72 | OVERSOLD | The low Stochastics value suggests PIN may be oversold. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for PIN suggests low volalility. |
| Average Directional Index/ADX (14) | 28.21 | POSITIVE | The high ADX value value for PIN suggests a strong trend. |
23.86
-0.17 (-0.71%)
INVESCO INDIA EXCHANGE-TRADE / PIN FAQ
Can you provide the ChartMill technical rating for INVESCO INDIA EXCHANGE-TRADE?
ChartMill assigns a technical rating of 0 / 10 to PIN.
What is the current trend direction of INVESCO INDIA EXCHANGE-TRADE (PIN) stock?
The current trend direction for INVESCO INDIA EXCHANGE-TRADE (PIN) is Bearish.
What is the RSI signal for PIN stock?
INVESCO INDIA EXCHANGE-TRADE (PIN) has an RSI value of 32.4149. This indicates that the stock is currently neutral.
What is the MACD signal for PIN stock?
The MACD indicator for INVESCO INDIA EXCHANGE-TRADE (PIN) has a value of -0.0200909, indicating a bearish trend.
What is the short term momentum for INVESCO INDIA EXCHANGE-TRADE (PIN) stock?
The short term momentum for INVESCO INDIA EXCHANGE-TRADE (PIN) is negative.