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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 2024-07-22 View latest technical analysis

10 day averaged volume of Insteel Industries is 155310

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	32.68	32.44	32.88	32.00	0.754 times
19 Fri Jul 2024	32.36	32.90	33.32	31.43	3.266 times
18 Thu Jul 2024	33.20	29.34	33.44	28.25	1.378 times
17 Wed Jul 2024	32.25	32.88	33.19	31.92	1.28 times
16 Tue Jul 2024	32.96	31.57	33.35	31.57	1.198 times
15 Mon Jul 2024	31.22	32.23	32.32	31.13	0.751 times
12 Fri Jul 2024	31.88	32.24	32.73	31.82	0.417 times
11 Thu Jul 2024	31.79	30.93	32.02	30.90	0.728 times
10 Wed Jul 2024	30.16	29.57	30.18	29.57	0.313 times
09 Tue Jul 2024	29.57	29.87	29.91	29.52	0.336 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 32.2, but if it comes below 32.2, then a intra day sell could be more profitable.
If you take a sell trade below 32.2, then use 32.2 as stoploss and 31 as target. However if you take a buy trade in stock , then use 32.2 as stoploss and 33.5 as target.

Share price targets for Insteel Industries (IIIN)

Target Type	Value
Downside Target	28.25
Downside Target	29.52
Downside Target	30.75
Downside Target	32.00
Upside Target	32.73
Upside Target	33.15
Upside Target	33.44
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	32.16
Downside Intraday Target	31.64
Upside Intraday Target	33.04
Upside Intraday Target	33.4
Downside Intraday Target	32.52

Weekly technical analysis of Insteel Industries (IIIN)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	32.68	32.44	32.88	32.00	0.096 times
19 Fri Jul 2024	32.36	32.23	33.44	28.25	3.702 times
12 Fri Jul 2024	31.88	29.97	32.73	29.52	2.939 times
05 Fri Jul 2024	29.74	30.51	30.75	29.54	0.611 times
03 Wed Jul 2024	30.18	30.66	30.98	29.89	0.213 times

Price has moved up 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
22 Mon Jul 2024	32.68	30.66	33.44	28.25	0.615 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 up 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 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 to mid 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 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 BUY signal for Insteel Industries in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Insteel Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Insteel Industries in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 32.25 and Insteel Industries (IIIN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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