Weaker Buy Today INOV ranks #712 as BUY CANDIDATE. Stronger Buy
Today INOV ranks #712 as BUY CANDIDATE.

INOV stock Inovalon Holdings

INOV stock
Inovalon Holdings

Tue 11'th Dec 2018

PERIOD 2018-09-12 - 2018-12-11
CHANGE -3.19%




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Inovalon Holdings Stock Analysis

Technical stock analysis for Tue 11'th Dec 2018

Buy candidate since 2018-12-11
Shorts n/a
Cash 476.2 mill
Loans 248.7 mill
Beta 1.13
ROA -0.77

Inovalon Holdings fell by -3.19% in the last day from $12.85 to $12.44 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a 8.08% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -129 939 shares and in total 546 944 shares bought and sold for approximately $6.80 million.


Inovalon Holdings lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.18% during the next 3 months and, with 90% probability hold a price between $12.24 and $16.10 at the end of this period.

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Inovalon Holdings holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $12.89. On a fall, the stock will find some support from the long-term average at approximately $11.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday December 07, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 65 and the stock is currently not being overbought or oversold

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 $11.51 and $11.25.

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, Inovalon Holdings finds support just below today's level at $11.51. If this is broken, then the next support from accumulated volume will be at $11.25 and $10.55.

Support: $11.51 Price: $12.44 Resistance: $12.45


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 $0.70 between high and low, or 5.64%. For the last week, the stock has had a daily average volatility of 5.11%.

Our recommended stoploss: $11.67 (-6.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High


Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today INOV ranks #712 as BUY CANDIDATE. Stronger Buy
Today INOV ranks #712 as BUY CANDIDATE.