Overall INOD gets a technical rating of 3 out of 10. Although INOD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
INOD has a poor technical rating and the quality of the setup is also not perfect 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
37.80
When analyzing the support we can see 5 important areas.
- A support zone ranging from 51.45 to 51.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.34 from a trend line in the weekly time frame.
- Support @43.70 from a trend line in the weekly time frame.
- Support @42.02 from a trend line in the daily time frame.
- Support @38.18 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @53.63 from a trend line in the daily time frame.
- A resistance zone ranging from 59.66 to 60.34. 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 | NEUTRAL | NEUTRAL | The long term trend for INOD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INOD is down. |
| ChartMill Relative Strength | 82.97 | POSITIVE | INOD has a high relative strength, it outperformed 82.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INOD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INOD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INOD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.98 | NEUTRAL | The RSI value for INOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests INOD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.85 | NEUTRAL | The Stochastics value for INOD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for INOD suggests high volalility. |
| Average Directional Index/ADX (14) | 22.55 | NEUTRAL | The ADX value for INOD suggests a possible start of a new trend. |
52.4
-1.86 (-3.43%)
INNODATA INC / INOD FAQ
What is the ChartMill technical rating of INNODATA INC (INOD) stock?
ChartMill assigns a technical rating of 3 / 10 to INOD.
Can you provide the trend direction for INNODATA INC?
The current trend direction for INNODATA INC (INOD) is Bearish.
Can you provide the RSI signal for INNODATA INC?
INNODATA INC (INOD) has an RSI value of 35.9818. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INNODATA INC?
The MACD indicator for INNODATA INC (INOD) has a value of 0.210886, indicating a bearish trend.
What is the support and resistance level for INOD stock?
INNODATA INC (INOD) has a support level at 51.45 and a resistance level at 53.63. Check the full technical report for our detailed analysis of INOD support and resistance levels.