Our Thoughts on Insteel Industries, Inc. ($IIIN) (2019-11-19)

REPORTING FOR 2019-11-19 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how IIIN has been trading over the last 2 weeks and the past day especially. On its latest session, Insteel Industries, Inc. ($IIIN) opened at 21.32, reaching a high of 21.41 and a low of 20.93 before closing at a price of 21.31. There was a total volume of 41822.

VOLUME INDICATORS FOR INSTEEL INDUSTRIES, INC. ($IIIN): We saw an accumulation-distribution index of 86.66661, an on-balance volume of 21.35, chaikin money flow of 9.66667 and a force index of 0.2508. There was an ease of movement rating of 0.0003, a volume-price trend of 1.41694 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR INSTEEL INDUSTRIES, INC. ($IIIN): We noted an average true range of 0.3899, bolinger bands of 21.38941, an upper bollinger band of 20.71059, lower bollinger band of 20.93, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 21.22, high band keltner channel of 21.13, low band keltner channel of 21.31, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 20.93, a donchian channel low band of 20.93, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR INSTEEL INDUSTRIES, INC. ($IIIN): We calculated a Moving Average Convergence Divergence (MACD) of 0.00538, a MACD signal of 0.00299, a MACD difference of 0.00239, a fast Exponential Moving Average (EMA) indicator of 20.93, a slow Exponential Moving Average (EMA) indicator of 20.93, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.68259, a trix of 5.52882, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -1.28627, a KST Oscillator (KST) of 65.47966 and a KST Oscillator (KST Signal) of 65.47966 (leaving a KST difference of 3.05441). We also found an Ichimoku rating of 21.365, an Ichimoku B rating of 21.365, a Ichimoku visual trend A of 20.2054, an Ichimoku visual trend B of 20.54095, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR INSTEEL INDUSTRIES, INC. ($IIIN): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 76.73399, a stochastic oscillator of 533.33333, a stochastic oscillator signal of 533.33333, a Williams %R rating of 433.33333 and an awesome oscillator of 0.07567.

RETURNS FOR INSTEEL INDUSTRIES, INC. ($IIIN): There was a daily return of 6.54797, a daily log return of 1.14015 and a cumulative return of 1.14668.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-19 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Insteel Industries, Inc. ($IIIN)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Insteel Industries, Inc. ($IIIN) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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