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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.

10 day averaged volume of Insteel Industries is 90700

Date Daily Closing Price Open High Low Volume
14 Wed Apr 2021 31.55 31.33 32.07 30.81 0.529 times
13 Tue Apr 2021 31.33 31.81 31.81 30.68 0.505 times
12 Mon Apr 2021 32.00 31.82 32.22 31.65 0.567 times
09 Fri Apr 2021 31.97 31.57 32.16 31.23 0.736 times
08 Thu Apr 2021 31.51 31.67 31.67 30.63 0.581 times
07 Wed Apr 2021 31.54 32.36 32.36 31.32 0.951 times
06 Tue Apr 2021 32.27 31.88 32.70 31.40 0.937 times
05 Mon Apr 2021 31.67 32.23 32.43 30.72 1.261 times
01 Thu Apr 2021 31.73 30.82 31.79 30.60 1.222 times
31 Wed Mar 2021 30.84 31.01 31.60 30.00 1.733 times

My analysis of stock is bearish for shortterm, and stock might move down till 30.1 or till 27.4. Use a stoploss of 32.25 and if the stock hits stoploss, then it can shoot up till 34.43

Share price targets for Insteel Industries (IIIN)

Target Type Value
Downside Target 22.09
Downside Target 24.61
Downside Target 25.24
Downside Target 28.16
Downside Target 29.49
Downside Target 30.60
Upside Target 31.79
Upside Target 32.70
Upside Target 36.13
Upside Target 36.24
Upside Target 38.94
Upside Target 38.96

Intraday share price targets for Insteel Industries (IIIN)

Target Type Value
Downside Intraday Target 30.75
Downside Intraday Target 29.94
Upside Intraday Target 32.29
Upside Intraday Target 33.02
Downside Intraday Target 31.48

Weekly technical analysis of Insteel Industries (IIIN)

Date Weekly Closing Price Open High Low Volume
14 Wed Apr 2021 31.55 31.82 32.22 30.68 0.358 times
09 Fri Apr 2021 31.97 32.23 32.70 30.63 0.682 times
01 Thu Apr 2021 31.73 30.50 31.79 28.68 0.795 times
26 Fri Mar 2021 30.73 36.24 36.24 29.49 0.978 times
19 Fri Mar 2021 36.34 38.94 38.94 36.13 1.482 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
14 Wed Apr 2021 31.55 30.82 32.70 30.60 0.222 times
31 Wed Mar 2021 30.84 31.43 38.96 28.68 2.244 times
26 Fri Feb 2021 30.88 25.47 32.40 25.24 0.718 times
29 Fri Jan 2021 25.24 22.42 28.16 22.20 1.039 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)

Indicator Name Indicator Value Indicator Signal
ADX 16, 26, 24 Sell
MACD 0, 0Sell
Stochastics 69None
CCI -14Buy
RSI 49Sell
OBV -1014300Sell
VWAP 32Sell
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Insteel Industries ( (IIIN) ) based on a short 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Insteel Industries ( (IIIN) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 but the sell signal is initial and weak.

Insteel Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 31.58 and Insteel Industries (IIIN) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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

Daily charts

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Daily chart
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