Technical analysis from Insteel Industries (IIIN, NASDAQ:IIIN) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

Insteel Industries
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Drawdown for Insteel Industries is currently low signalling low stress
Ulcer Index /
Drawdown for Insteel Industries is currently low signalling low stress

[BEARISH]: Insteel Industries UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.803.

IIIN: Average True Range has confirmed an downtrend @0.901
Average True Range /
IIIN: Average True Range has confirmed an downtrend @0.901

IIIN: Average True Range Recent Trading -> (1) 17 May: 0.901 (2) 16 May: 0.911 (3) 15 May: 0.909

Open Tod Vs Close Tod /
Insteel Industries: Buyers were in control all day.

[BULLISH STRONG]: Insteel Industries opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 75.7%. This suggests the buyers were in control all day. Over the last 12 months there has been 41 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 15.6%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 7.7%.

MACD Volume /
The Volume MACD for IIIN is gaining momentum through a rise on the short term EMA

IIIN: Volume MACD Current Signal -> (1) 17 May: BULLISH CROSSOVER (2) 16 May: BEARISH CROSSOVER (3) 15 May: BEARISH CROSSOVER

Volume /
[Bullish]: Insteel Industries has beaten previous volume by 8.6

IIIN: VOLUME Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BULLISH

Close Tod Vs Range Tod /
Insteel Industries: Close versus price range (75.7%.)

IIIN: Close versus price range Current Signal ->(1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: NEUTRAL

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Sine Weighted Moving Average /
Price is now trading above the Sine Weighted Moving Average(5) for IIIN

[BULLISH]: Insteel Industries currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.9%.

Insteel Industries: Current trading activity signals OBV accumulation is present
On Balance Volume /
Insteel Industries: Current trading activity signals OBV accumulation is present

[BULLISH]: Insteel Industries current price has highlighted recent accumulation. Currently, the OBV is 237256.

Initiation of overbought signal for Insteel Industries [Bearish Crossover]
Moving Average Envelope /
Initiation of overbought signal for Insteel Industries [Bearish Crossover]

[BEARISH CROSSOVER]: Insteel Industries current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 31.374.

Fibonacci Extensions /
[Short]: Limit orders for Insteel Industries should be set at $0

Insteel Industries has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for IIIN should be set @$0 & short position stoploss for Insteel Industries should be set at $0

Opening Price /
[Bullish]: Opening performance for IIIN of 0.9 % was achieved in last trading session

IIIN: OPEN Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BEARISH

Stochastic Oscillator /
Initiation of overbought signal for Insteel Industries [Bearish Crossover]

[BEARISH]: Insteel Industries is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

IIIN Basic Candle: White Opening Marubozu
White Opening Marubozu /
IIIN Basic Candle: White Opening Marubozu

[BULLISH]: Insteel Industries has formed a White Opening Marubozu candlestick. This means, IIIN has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

The current price level for Insteel Industries has risen above the average
Commodity Channel Index /
The current price level for Insteel Industries has risen above the average

[BEARISH]: Insteel Industries current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 109. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 232.

Woodie Pivot Point /
Stoploss for Insteel Industries should be set at $30.84

Insteel Industries has broken the first Woodie resistance point ($31.98) [Bullish]. Look for a long limit order entry near this point. Exit price for IIIN should be set @$32.24 & Stoploss for Insteel Industries should be set at $30.84

Long Trend /
Insteel Industries: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Insteel Industries is in an uptrend in the medium term timeframe. The current rally number is 9 & the highest rally count for the LTM is 9. The highest rally for the month is 13

Fibonacci Fans /
Long positions for Insteel Industries should be set between $0 & $195.8

Insteel Industries is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for IIIN should be set @$195.8 & Stoploss for Insteel Industries should be set between $194

Relative Strength Overbought signal continues for Insteel Industries indicating downward price movement is likely
Relative Strength Index /
Relative Strength Overbought signal continues for Insteel Industries indicating downward price movement is likely

[BEARISH]: Insteel Industries is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @76.4

A short term Pivot Reversal has formed with Insteel Industries
Pivot Reversal /
A short term Pivot Reversal has formed with Insteel Industries

[BULLISH]: A short term Pivot Reversal has formed with Insteel Industries which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 17 occurrences of this bar reversal giving a signal probability of 6.5%.

Two White Soldiers /
Insteel Industries: Two White Soldiers

IIIN: Continuation Recent Trading -> (1) 17 May: Two White Soldiers (2) 16 May: (3) 15 May:

Ease of Movement /
Insteel Industries Ease of Movement is 458.239 [Easily Moved]

IIIN: EOM Recent Trading -> (1) 17 May: 458.239 (2) 16 May: 132.48 (3) 15 May: -469.849

Rate of Change /
Insteel Industries: Rate of Change (2.728)

[BULLISH]: Insteel Industries currently has positive rate of change of 2.728%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Aroon Oscillator /
Insteel Industries: Aroon oscillator (72) has confirmed a strong uptrend is present

IIIN: Aroon Oscillator Current Signal -> (1) 17 May: BULLISH STRONG (2) 16 May: BULLISH STRONG (3) 15 May: BULLISH STRONG

Closing price for IIIN ($31.63) signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Closing price for IIIN ($31.63) signals buyers are still keener than sellers

IIIN: Recent performance signals ->(1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: NEUTRAL

IIIN: William %R has just risen above the overbought limit @-7.9
Williams %R /
IIIN: William %R has just risen above the overbought limit @-7.9

[BULLISH]: Insteel Industries is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Triangular Moving Average /
Triangular Moving Average(5) signal is confirmed for Insteel Industries indicating upward price movement is likely

[BULLISH]: Insteel Industries currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.9%.

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