Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(IIIN) Insteel Industries complete technical analysis [charts+indicators] | Buy/Sell Insteel Industries | (IIIN) share price targets

Complete technical analysis of Insteel Industries (IIIN) by charts plus indicators, forecast predictions and share price targets for Insteel Industries (IIIN)

Insteel Industries trades in USA in Capital Goods sector.

Showing technical analysis as on 2024-05-24 View latest technical analysis

10 day averaged volume of Insteel Industries is 61751

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	32.04	31.95	32.10	31.60	1.352 times
23 Thu May 2024	31.71	31.97	31.97	31.42	1.325 times
22 Wed May 2024	31.96	32.22	32.22	31.56	1.474 times
21 Tue May 2024	32.21	32.36	32.39	32.15	0.622 times
20 Mon May 2024	32.39	32.66	33.04	32.39	0.773 times
17 Fri May 2024	32.66	33.03	33.03	32.53	0.723 times
16 Thu May 2024	32.87	33.39	33.39	32.76	1.155 times
15 Wed May 2024	33.43	33.71	33.96	33.40	0.956 times
14 Tue May 2024	33.36	33.99	34.00	33.30	0.813 times
13 Mon May 2024	33.47	34.19	34.25	33.47	1.057 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 32.1, but if it comes above 32.1, then a intra day buy could be more profitable.
If you take a sell trade below 32.1, then use 32.1 as stoploss and 31.3 as target. However if you take a buy trade in stock , then use 32.1 as stoploss and 32.79 as target.

Share price targets for Insteel Industries (IIIN)

Target Type	Value
Downside Target	31.26
Upside Target	32.53
Upside Target	33.70
Upside Target	34.06
Upside Target	34.25
Upside Target	35.41
Upside Target	37.50
Upside Target	38.14
Upside Target	38.39
Upside Target	38.40

Intraday share price targets for Insteel Industries (IIIN)

Target Type	Value
Downside Intraday Target	31.29
Downside Intraday Target	30.55
Upside Intraday Target	32.91
Upside Intraday Target	33.79
Upside Intraday Target	32.17

Weekly technical analysis of Insteel Industries (IIIN)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	32.04	32.66	33.04	31.42	1.179 times
17 Fri May 2024	32.66	34.19	34.25	32.53	0.694 times
10 Fri May 2024	33.98	33.29	34.06	32.73	0.871 times
03 Fri May 2024	33.06	32.47	33.26	31.79	0.826 times
26 Fri Apr 2024	32.39	33.55	35.41	31.26	1.502 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Insteel Industries (IIIN)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Fri May 2024	32.04	32.00	34.25	31.42	0.745 times
30 Tue Apr 2024	32.10	38.40	38.40	31.26	0.962 times
28 Thu Mar 2024	38.22	36.53	38.39	33.70	1.426 times
29 Thu Feb 2024	36.41	34.91	37.50	33.64	0.555 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Insteel Industries (IIIN)

Price action analysis of Insteel Industries ( (IIIN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Insteel Industries ( (IIIN) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Insteel Industries ( (IIIN) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Insteel Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Insteel Industries in short term and the sell signal is strong.

Insteel Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Insteel Industries in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Insteel Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.54 and Insteel Industries (IIIN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Insteel Industries (IIIN) stock. Volume based technical analysis of Insteel Industries (IIIN) stock is negative.

Insteel Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.