(IIIN) Insteel Industries complete technical analysis [charts+indicators] | Buy/Sell Insteel Industries | (IIIN) share price targets
Complete technical analysis of Insteel Industries (IIIN) by charts plus indicators, forecast predictions and share price targets for Insteel Industries (IIIN)
Insteel Industries trades in USA in Capital Goods sector.
10 day averaged volume of Insteel Industries is 68198
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 32.87 | 32.49 | 33.10 | 32.33 | 1.021 times |
| 30 Thu May 2024 | 32.34 | 31.97 | 32.45 | 31.97 | 1.01 times |
| 29 Wed May 2024 | 31.61 | 31.34 | 31.70 | 31.30 | 1.043 times |
| 28 Tue May 2024 | 31.68 | 32.14 | 32.32 | 31.50 | 1.251 times |
| 24 Fri May 2024 | 32.04 | 31.95 | 32.10 | 31.60 | 1.224 times |
My analysis of stock is bullish for shortterm, and stock might move up till 33.5 or till 34.4. Use a stoploss of 32.79 and if this stock hits its stoploss, then it can fall down till 32.06
Share price targets for Insteel Industries (IIIN)
| Target Type | Value |
| Downside Target | 31.26 |
| Downside Target | 32.53 |
| Upside Target | 33.64 |
| Upside Target | 33.70 |
| Upside Target | 34.06 |
| Upside Target | 34.25 |
| Upside Target | 37.50 |
| Upside Target | 38.14 |
| Upside Target | 38.39 |
| Upside Target | 38.40 |
Intraday share price targets for Insteel Industries (IIIN)
| Target Type | Value |
| Downside Intraday Target | 31.75 |
| Downside Intraday Target | 30.62 |
| Upside Intraday Target | 33.55 |
| Upside Intraday Target | 34.22 |
| Downside Intraday Target | 32.42 |
Weekly technical analysis of Insteel Industries (IIIN)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 32.87 | 32.14 | 33.10 | 31.30 | 0.861 times |
| 24 Fri May 2024 | 32.04 | 32.66 | 33.04 | 31.42 | 1.179 times |
| 17 Fri May 2024 | 32.66 | 34.19 | 34.25 | 32.53 | 0.694 times |
| 10 Fri May 2024 | 33.98 | 33.29 | 34.06 | 32.73 | 0.871 times |
| 03 Fri May 2024 | 33.06 | 32.47 | 33.26 | 31.79 | 0.826 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Insteel Industries (IIIN)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 32.87 | 32.00 | 34.25 | 31.30 | 0.907 times |
| 30 Tue Apr 2024 | 32.10 | 38.40 | 38.40 | 31.26 | 0.962 times |
| 28 Thu Mar 2024 | 38.22 | 36.53 | 38.39 | 33.70 | 1.426 times |
| 29 Thu Feb 2024 | 36.41 | 34.91 | 37.50 | 33.64 | 0.57 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Insteel Industries (IIIN)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 31, 23, 16 | Buy |
| MACD | -1, -1 | Buy |
| Stochastics | 50 | None |
| CCI | 110 | Buy |
| RSI | 55 | Buy |
| OBV | 108549 | Sell |
| VWAP | 32 | Buy |
| ADL | 0 | Sell |
| ROC | 0 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Insteel Industries ( (IIIN) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Insteel Industries ( (IIIN) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Insteel Industries ( (IIIN) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Insteel Industries ( (IIIN) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Insteel Industries stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Insteel Industries in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Insteel Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Insteel Industries in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Insteel Industries is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 32.09 and Insteel Industries (IIIN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Insteel Industries (IIIN) stock. Volume based technical analysis of Insteel Industries (IIIN) stock is negative.
Insteel Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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