INNODATA INC. - 1H - Technical analysis published on 01/24/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 38.33 USD
My targets
40.67 USD (+0.97%)
43.15 USD (+7.13%)
My analysis
INNODATA INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 38.33 USD. The next resistance located at 40.67 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 43.15 USD. After this resistance, buyers could then target 44.44 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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This analysis was given by sergio ronconi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INNODATA INC. price is 40.28 USD. The price has increased by +1.51% since the last closing and was between 38.94 USD and 42.46 USD. This implies that the price is at +3.44% from its lowest and at -5.13% from its highest.38.94
42.46
40.28
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this INNODATA INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 34.19 | 36.10 | 38.33 | 40.28 | 40.67 | 43.15 | 44.44 |
Change (%) | -15.12% | -10.38% | -4.84% | - | +0.97% | +7.13% | +10.33% |
Change | -6.09 | -4.18 | -1.95 | - | +0.39 | +2.87 | +4.16 |
Level | Major | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 35.14 | 37.04 | 38.66 | 40.56 | 42.18 | 44.08 | 45.70 |
Camarilla | 39.31 | 39.64 | 39.96 | 40.28 | 40.60 | 40.93 | 41.25 |
Woodie | 35.00 | 36.97 | 38.52 | 40.49 | 42.04 | 44.01 | 45.56 |
Fibonacci | 37.04 | 38.39 | 39.22 | 40.56 | 41.91 | 42.74 | 44.08 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 30.44 | 33.28 | 36.78 | 39.62 | 43.12 | 45.96 | 49.46 |
Camarilla | 38.54 | 39.12 | 39.70 | 40.28 | 40.86 | 41.44 | 42.02 |
Woodie | 30.77 | 33.45 | 37.11 | 39.79 | 43.45 | 46.13 | 49.79 |
Fibonacci | 33.28 | 35.70 | 37.20 | 39.62 | 42.04 | 43.54 | 45.96 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.47 | 20.94 | 30.23 | 42.70 | 51.99 | 64.46 | 73.75 |
Camarilla | 33.54 | 35.53 | 37.53 | 39.52 | 41.52 | 43.51 | 45.50 |
Woodie | 6.88 | 20.15 | 28.64 | 41.91 | 50.40 | 63.67 | 72.16 |
Fibonacci | 20.94 | 29.25 | 34.39 | 42.70 | 51.01 | 56.15 | 64.46 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 56.76 | |
MACD (12,26,9): | 0.7600 | |
Directional Movement: | 15.52 | |
AROON (14): | 42.86 | |
DEMA (21): | 40.81 | |
Parabolic SAR (0,02-0,02-0,2): | 39.33 | |
Elder Ray (13): | 0.16 | |
Super Trend (3,10): | 38.59 | |
Zig ZAG (10): | 40.33 | |
VORTEX (21): | 1.0800 | |
Stochastique (14,3,5): | 57.10 | |
TEMA (21): | 41.04 | |
Williams %R (14): | -49.28 | |
Chande Momentum Oscillator (20): | 1.49 | |
Repulse (5,40,3): | -0.9200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2800 | |
Courbe Coppock: | 7.89 |
MA7: | 38.42 | |
MA20: | 39.59 | |
MA50: | 40.53 | |
MA100: | 29.12 | |
MAexp7: | 40.60 | |
MAexp20: | 39.79 | |
MAexp50: | 38.74 | |
MAexp100: | 38.68 | |
Price / MA7: | +4.84% | |
Price / MA20: | +1.74% | |
Price / MA50: | -0.62% | |
Price / MA100: | +38.32% | |
Price / MAexp7: | -0.79% | |
Price / MAexp20: | +1.23% | |
Price / MAexp50: | +3.98% | |
Price / MAexp100: | +4.14% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on INNODATA INC. at the time of the analysis were as follows:
- Innodata Reports Third Quarter 2024 Results; Record 136% Revenue Growth Year-Over-Year
- Innodata to Report Third Quarter 2024 Results
- Innodata Reports Second Quarter 2024 Results; Record 66% Revenue Growth Year-Over-Year
- Innodata to Report Second Quarter 2024 Results
- Innodata Awarded New Programs from “Magnificent Seven” Big Tech Customer Valued at Approximately $44 Million in Annualized Run Rate Revenue
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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