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(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.

Showing technical analysis as on 2024-09-20 View latest technical analysis

10 day averaged volume of Insteel Industries is 102200

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	30.93	32.72	32.83	30.90	7.954 times
19 Thu Sep 2024	33.06	33.68	33.68	32.52	1.015 times
18 Wed Sep 2024	32.79	32.81	34.02	32.60	0.953 times
17 Tue Sep 2024	32.77	32.43	33.17	32.21	0.666 times
16 Mon Sep 2024	32.04	31.94	32.22	31.68	0.696 times
13 Fri Sep 2024	31.65	31.09	31.80	30.88	0.857 times
12 Thu Sep 2024	30.58	30.69	30.85	30.28	0.663 times
11 Wed Sep 2024	30.42	30.25	30.45	29.73	1.07 times
10 Tue Sep 2024	30.55	30.60	30.80	30.01	1.206 times
09 Mon Sep 2024	30.45	31.32	31.32	30.11	2.025 times

Stock of Insteel Industries (IIIN) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31, but if it comes above 31, then a intra day buy could be more profitable.
If you take a sell trade below 31, then use 31 as stoploss and 29.3 as target. However if you take a buy trade in stock , then use 31 as stoploss and 32.35 as target.

Share price targets for Insteel Industries (IIIN)

Target Type	Value
Downside Target	28.25
Downside Target	29.73
Downside Target	30.90
Upside Target	33.15
Upside Target	34.02
Upside Target	34.13
Upside Target	34.25
Upside Target	34.63
Upside Target	34.85
Upside Target	35.52

Intraday share price targets for Insteel Industries (IIIN)

Target Type	Value
Downside Intraday Target	29.88
Downside Intraday Target	28.83
Upside Intraday Target	33
Upside Intraday Target	35.07
Upside Intraday Target	31.95

Weekly technical analysis of Insteel Industries (IIIN)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	30.93	31.94	34.02	30.90	1.938 times
13 Fri Sep 2024	31.65	31.32	31.80	29.73	1.904 times
06 Fri Sep 2024	31.29	34.09	34.13	31.22	4.334 times
30 Fri Aug 2024	34.40	34.18	34.63	33.78	0.203 times
30 Fri Aug 2024	34.40	34.36	34.63	33.19	1.115 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Insteel Industries (IIIN)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	30.93	34.09	34.13	29.73	1.333 times
30 Fri Aug 2024	34.40	34.42	34.85	30.16	0.57 times
31 Wed Jul 2024	34.25	30.66	35.52	28.25	0.848 times
28 Fri Jun 2024	30.96	33.15	33.15	29.77	1.941 times

Scroll below to view daily charts

Price has moved down 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)

Price action analysis of Insteel Industries ( (IIIN) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Insteel Industries ( (IIIN) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Insteel Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Insteel Industries in short term but the buy signal is initial and weak.

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Insteel Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 31.18 and Insteel Industries (IIIN) stock is trading below this level. This means that stock is falling with high volumes. 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.