Previous Hold Today INOV ranks #2074 as HOLD CANDIDATE. Next Hold
Today INOV ranks #2074 as HOLD CANDIDATE.

INOV stock Inovalon Holdings

INOV stock
Inovalon Holdings

April 24, 2019
Change -0.46%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will INOV stock price go up or down on Thu, 25 Apr 2019?

Inovalon Holdings Forecast and Stock Analysis

Technical INOV stock analysis for April 24, 2019.

Hold candidate since 2019-04-24
Shorts n/a
Cash n/a
Loans n/a
Beta 0.68
ROA -2.73

Inovalon Holdings fell by -0.46% in the last day from $13.14 to $13.08 The price has risen in 6 of the last 10 days and is up by 9.18% over the past 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 -561 443 shares and in total 533 318 shares bought and sold for approximately $6.98 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the INOV stock was $13.08. This is 0.46% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 2.22% from a day low at $13.05 to a day high of $13.34.

30 day high of the INOV stock price was $13.34 and low was $11.50.
90 day high was $15.57 and low was $11.50.
52 week high for the Inovalon Holdings - $15.57 and low - $8.90.

Trend

Inovalon Holdings lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.16% during the next 3 months and, with 90% probability hold a price between $9.40 and $11.59 at the end of this period.

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Signals

Inovalon Holdings 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 $12.57 and $12.36. A break down below any of these levels will issue sell signals. 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 Tuesday April 23, 2019, 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)

The stock holds a RSI14 at 73 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

Inovalon Holdings finds support from accumulated volume at $12.98.

Support: $12.98 Price: $13.08 Resistance: $13.14

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.29 (2.22%) between high and low. For the last week, the stock has had a daily average volatility of 3.25%.

Our recommended stoploss: $12.55 (-4.07%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 73 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Inovalon Holdings holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today INOV ranks #2074 as HOLD CANDIDATE. Next Hold
Today INOV ranks #2074 as HOLD CANDIDATE.