Stronger Sell Today INNT ranks #4076 as SELL CANDIDATE. Weaker Sell
Today INNT ranks #4076 as SELL CANDIDATE.

INNT stock Innovate Biopharmaceuticals, Inc.

INNT stock
Innovate Biopharmaceuticals, Inc.

18 January 2019
Change 3.15%
Chart period: 2018-10-19 - 2019-01-18
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
Request Prediction
Predict

Innovate Biopharmaceuticals, Inc. Stock Analysis

Technical stock analysis for 18 January 2019

Sell candidate since 2019-01-07 Loss -8.76%
Shorts n/a
Cash n/a
Loans n/a
Beta -3.69
ROA -343.58

Innovate Biopharmaceuticals, Inc. gained 3.15% in the last trading day, rising from $2.22 to $2.29 The price has fallen in 7 of the last 10 days and is down by -9.49% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 219 120 more shares were traded than the day before. In total, 327 278 shares bought and sold for approximately $749 467.00.

Close price at the end of the last trading day (Friday, 18th Jan 2019) of the INNT stock was $2.29. This is 3.15% more than the trading day before Thursday, 17th Jan 2019.

During day the stock fluctuated 9.79% from a day low at $2.12 to a day high of $2.33.

30 day high of the INNT stock price was $2.73 and low was $2.12.
90 day high was $5.20 and low was $2.12.
52 week high for the Innovate Biopharmaceuticals, Inc. - $50.50 and low - $0.51.

Trend

Innovate Biopharmaceuticals, Inc. has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $2.24, a level that may pose a second chance to hit a runner. According to fan-theory $3.58 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

A buy signal was issued from a pivot bottom point on Monday January 14, 2019, which indicates further gains until a new top pivot has been found. Innovate Biopharmaceuticals, Inc. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Innovate Biopharmaceuticals, Inc. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $2.43. On a fall, the stock will find some support from the short-term average at $2.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

RSI14 is 41 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Innovate Biopharmaceuticals, Inc. finds support from accumulated volume at $2.26.

Support: $2.26 Price: $2.29 Resistance: $2.41

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 $0.21 between high and low, or 9.79%. For the last week, the stock has had a daily average volatility of 9.23%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Innovate Biopharmaceuticals, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today INNT ranks #4076 as SELL CANDIDATE. Weaker Sell
Today INNT ranks #4076 as SELL CANDIDATE.