INOV - Inovalon Holdings

Industry: Healthcare Information Services Sector: Technology Exchange: NASDAQ

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE -0.47%
PRICE $10.65





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Inovalon Holdings Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-09-14 Loss -0.93%
Shorts 23.42% ( 2018-08-31 )
Cash 1 001.9 mill
Loans 492.7 mill
Beta 1.08
ROA -0.16

Inovalon Holdings fell by -0.47% in the last day from $10.70 to $10.65 and has now fallen 3 days in a row. The price has fallen in 5 of the last 10 days and is down by -0.47% for this period. Volume has increased in the last day by 19 065 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 252 809 shares bought and sold for approximately $2.69 million.


Inovalon Holdings lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $10.64 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.31% during the next 3 months and, with 90% probability hold a price between $11.95 and $14.69 at the end of this period.

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A buy signal was issued from a pivot bottom point on Wednesday September 12, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Inovalon Holdings holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $10.66 and $11.37. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 24 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Inovalon Holdings finds support from accumulated volume at $10.25.

Support: $10.25 Price: $10.65 Resistance: $10.70


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 $0.25 between high and low, or 2.37%. For the last week, the stock has had a daily average volatility of 3.34%.

Inovalon Holdings is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Overall risk:

Very Low Low Medium High Very High


The Inovalon Holdings stock holds several negative signals and despite the positive trend we believe Inovalon Holdings will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate

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INOV $10.65 $-0.05(-0.47%)
INOV is down $0.05 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for INOV based on the 1-3 month system that more than doubles the S&P 500.

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