INNOVATE CORP (VATE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VATE - US45784J3032 - Common Stock
We assign a technical rating of 5 out of 10 to VATE. VATE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
VATE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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4.27
When analyzing the support we can see 4 important areas.
- Support @4.63 from a trend line in the daily time frame.
- Support @4.50 from a trend line in the weekly time frame.
- A support zone ranging from 4.40 to 4.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.31 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @5.19 from a trend line in the weekly time frame.
- Resistance @5.30 from a trend line in the daily time frame.
- Resistance @5.39 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.64 to 5.69. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @5.89 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for VATE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VATE is up. |
| ChartMill Relative Strength | 56.67 | NEUTRAL | VATE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VATE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VATE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VATE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.6 | NEUTRAL | The RSI value for VATE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests VATE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.53 | NEUTRAL | The Stochastics value for VATE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.22 | HIGH VOLATILITY | The high ATR as a percentage value for VATE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.6 | NEGATIVE | The low ADX value for VATE suggests a weak or negative trend. |
5.06
-0.23 (-4.35%)
INNOVATE CORP / VATE FAQ
What is the technical rating for VATE stock?
ChartMill assigns a technical rating of 5 / 10 to VATE.
What is the trend direction for VATE stock?
The current trend direction for INNOVATE CORP (VATE) is Bearish.
What is the RSI signal for VATE stock?
INNOVATE CORP (VATE) has an RSI value of 51.6017. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for INNOVATE CORP?
INNOVATE CORP (VATE) has a support level at 4.63 and a resistance level at 5.19. Check the full technical report for our detailed analysis of VATE support and resistance levels.