Bullish vs. Bearish (1 opinions)
Social Sentiment 0.90
INOV Forecast and Technical Stock Analysis
Buy candidate since 2019-08-05 Loss -5.67%
Inovalon Holdings gained 0.95% in the last trading day ( Tuesday, 20th Aug 2019 ), rising from $15.82 to $15.97 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.48% from a day low at $15.73 to a day high of $16.12. The price has fallen in 6 of the last 10 days and is down by -5.84% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 30 513 more shares were traded than the day before. In total, 258 970 shares bought and sold for approximately $4.14 million.
- 30 day high of the INOV stock price was $17.70 and low was $14.39.
- 90 day high was $17.70 and low was $13.40.
- 52 week high for Inovalon Holdings - $17.70 and low - $9.19.
Inovalon Holdings lies in the middle of a 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 17.99% during the next 3 months and, with 90% probability hold a price between $18.26 and $20.80 at the end of this period.
Only positive signals in the chart today. 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 $16.00. On a fall, the stock will find some support from the long-term average at approximately $15.54. 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. A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 61 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Inovalon Holdings finds support from accumulated volume at $15.64.
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 $0.39 between high and low, or 2.48%. For the last week, the stock has had a daily average volatility of 3.29%.
Our recommended stop-loss: $15.06 (-5.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
3.29 %Average volatility
Very Low Low Medium High Very High
|INOV $15.97 ($0.15 0.95%)|
INOV is up $0.15 today, but where's it headed in 2019?
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