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(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 2024-07-01 View latest technical analysis

10 day averaged volume of Insteel Industries is 241280

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	30.05	30.66	30.98	29.89	0.392 times
28 Fri Jun 2024	30.96	30.38	31.02	30.28	1.925 times
27 Thu Jun 2024	30.01	30.53	30.64	29.97	0.586 times
26 Wed Jun 2024	30.41	29.90	30.44	29.81	0.336 times
25 Tue Jun 2024	30.00	30.60	30.79	29.77	0.277 times
24 Mon Jun 2024	30.78	31.06	31.43	30.78	0.446 times
21 Fri Jun 2024	30.76	31.85	31.85	30.54	4.893 times
20 Thu Jun 2024	31.91	31.88	32.39	31.88	0.366 times
18 Tue Jun 2024	31.88	31.71	32.08	31.37	0.401 times
18 Tue Jun 2024	31.88	31.71	32.08	31.37	0.401 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 30.2, but if it comes above 30.2, then a intra day buy could be more profitable.
If you take a sell trade below 30.2, then use 30.2 as stoploss and 29.5 as target. However if you take a buy trade in stock , then use 30.2 as stoploss and 30.84 as target.

Share price targets for Insteel Industries (IIIN)

Target Type	Value
Downside Target	29.77
Upside Target	30.54
Upside Target	31.43
Upside Target	31.46
Upside Target	32.08
Upside Target	32.39
Upside Target	33.15
Upside Target	33.70
Upside Target	34.25
Upside Target	38.39
Upside Target	38.40

Intraday share price targets for Insteel Industries (IIIN)

Target Type	Value
Downside Intraday Target	29.63
Downside Intraday Target	29.22
Upside Intraday Target	30.72
Upside Intraday Target	31.4
Upside Intraday Target	30.31

Weekly technical analysis of Insteel Industries (IIIN)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	30.05	30.66	30.98	29.89	0.11 times
28 Fri Jun 2024	30.96	31.06	31.43	29.77	0.631 times
21 Fri Jun 2024	30.76	31.71	32.39	30.54	7.349 times
18 Tue Jun 2024	31.88	30.76	32.08	30.76	0.472 times
14 Fri Jun 2024	30.94	30.42	31.46	29.79	1.003 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
01 Mon Jul 2024	30.05	30.66	30.98	29.89	0.03 times
28 Fri Jun 2024	30.96	33.15	33.15	29.77	1.941 times
31 Fri May 2024	32.87	32.00	34.25	31.30	0.907 times
30 Tue Apr 2024	32.10	38.40	38.40	31.26	0.962 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Insteel Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 30.83 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.