INTEST CORP. - Daily - Technical analysis published on 06/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 9.90 USD
My targets
9.22 USD (-3.15%)
8.30 USD (-12.82%)
My analysis
INTEST CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 9.90 USD. The next support located at 9.22 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8.30 USD. Below this support, sellers could then target 6.16 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTEST CORP. price is 9.52 USD. On the day, this instrument gained +1.93% and was between 9.19 USD and 9.52 USD. This implies that the price is at +3.59% from its lowest and at 0% from its highest.9.19
9.52
9.52
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by INTEST CORP.:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of INTEST CORP. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.50 | 6.16 | 9.22 | 9.52 | 9.90 | 11.98 | 13.70 |
| Change (%) | -63.24% | -35.29% | -3.15% | - | +3.99% | +25.84% | +43.91% |
| Change | -6.02 | -3.36 | -0.30 | - | +0.38 | +2.46 | +4.18 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.60 | 8.94 | 9.14 | 9.48 | 9.68 | 10.02 | 10.22 |
| Camarilla | 9.19 | 9.24 | 9.29 | 9.34 | 9.39 | 9.44 | 9.49 |
| Woodie | 8.53 | 8.91 | 9.07 | 9.45 | 9.61 | 9.99 | 10.15 |
| Fibonacci | 8.94 | 9.15 | 9.27 | 9.48 | 9.69 | 9.81 | 10.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.32 | 8.78 | 9.13 | 9.59 | 9.94 | 10.40 | 10.75 |
| Camarilla | 9.25 | 9.32 | 9.40 | 9.47 | 9.54 | 9.62 | 9.69 |
| Woodie | 8.26 | 8.75 | 9.07 | 9.56 | 9.88 | 10.37 | 10.69 |
| Fibonacci | 8.78 | 9.09 | 9.28 | 9.59 | 9.90 | 10.09 | 10.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.98 | 8.30 | 9.13 | 10.45 | 11.28 | 12.60 | 13.43 |
| Camarilla | 9.37 | 9.57 | 9.76 | 9.96 | 10.16 | 10.35 | 10.55 |
| Woodie | 6.74 | 8.18 | 8.89 | 10.33 | 11.04 | 12.48 | 13.19 |
| Fibonacci | 8.30 | 9.12 | 9.63 | 10.45 | 11.27 | 11.78 | 12.60 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.79 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | -4.40 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 9.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.06 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 10.56 | |
| Zig ZAG (10): | 9.43 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 35.44 | |
| TEMA (21): | 9.41 | |
| Williams %R (14): | -66.32 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | -0.9800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4200 | |
| Courbe Coppock: | 5.13 |
| MA7: | 9.57 | |
| MA20: | 9.66 | |
| MA50: | 10.40 | |
| MA100: | 11.10 | |
| MAexp7: | 9.51 | |
| MAexp20: | 9.71 | |
| MAexp50: | 10.30 | |
| MAexp100: | 11.16 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | -8.46% | |
| Price / MA100: | -14.23% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | -1.96% | |
| Price / MAexp50: | -7.57% | |
| Price / MAexp100: | -14.70% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on INTEST CORP. at the time of the analysis were as follows:
- inTEST to Restate Third Quarter and First Nine Months 2023 Financial Statements
- inTEST Reports Record Revenue of $32.6 Million for the 2023 Second Quarter with Net Earnings Growth of 32% Year-over-Year
- inTEST Announces Second Quarter 2023 Financial Results Conference Call and Webcast on August 4
- inTEST Corporation Induction Heating Technology by Ambrell® Selected for Environmentally Preferred Approach for Preheating Application
- inTEST Corporation Set to Join Russell 2000® and 3000® Indexes
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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