IIN - IntriCon Corporation

Industry: Industrial Electrical Equipment Sector: Industrial Goods Exchange: NASDAQ

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 7.27%
PRICE $68.60
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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IntriCon Corporation Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Buy candidate since 2018-06-28 Gain 74.78%
Shorts 2.61% ( 2018-07-31 )
Cash 0.7 mill
Loans 20.8 mill
Beta 0.41
ROA 7.67

IntriCon Corporation gained 7.27% in the last trading day, rising from $63.95 to $68.60 The price has risen in 8 of the last 10 days and is up by 18.07% over the past 2 weeks. Volume fell in the last day by -46 221 shares, and in total, 158 186 shares bought and sold for approximately $10.85 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

IntriCon Corporation has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $67.91, a level that may pose a second chance to hit a runner. According to fan-theory $78.70 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. IntriCon Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $64.56 and $51.34. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday August 06, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $64.00 and $59.25.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, IntriCon Corporation finds support just below today's level at $64.00. If this is broken, then the next support from accumulated volume will be at $59.25 and $58.75.

Support: $64.00 Price: $68.60

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.45 between high and low, or 8.59%. For the last week, the stock has had a daily average volatility of 6.16%.

The stock is extremely overbought on RSI14 (77). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $65.56 (-4.43%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)

Overall risk:

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Evaluation

IntriCon Corporation holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Strong Buy Candidate

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IIN $68.60 $4.65(7.27%)
IIN is up $4.65 today, but where's it headed in September?
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