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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 2024-11-08 View latest technical analysis

10 day averaged volume of Insteel Industries is 99740

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	29.86	29.37	29.90	29.37	1.21 times
07 Thu Nov 2024	29.29	29.95	29.95	29.19	0.943 times
06 Wed Nov 2024	30.03	29.30	30.35	29.23	2.066 times
05 Tue Nov 2024	27.75	27.14	27.87	27.14	0.847 times
04 Mon Nov 2024	27.27	27.15	27.80	27.15	0.719 times
01 Fri Nov 2024	27.25	27.13	27.38	26.96	0.951 times
31 Thu Oct 2024	26.97	27.71	27.71	26.97	0.931 times
30 Wed Oct 2024	27.46	27.38	28.13	27.38	0.862 times
29 Tue Oct 2024	27.49	27.38	27.82	27.35	0.974 times
28 Mon Oct 2024	27.76	27.99	28.38	27.68	0.854 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29.2, but if it comes below 29.2, then a intra day sell could be more profitable.
If you take a sell trade below 29.2, then use 29.2 as stoploss and 28.19 as target. However if you take a buy trade in stock , then use 29.2 as stoploss and 30.5 as target.

Share price targets for Insteel Industries (IIIN)

Target Type	Value
Downside Target	26.74
Downside Target	28.25
Downside Target	29.73
Upside Target	30.14
Upside Target	30.16
Upside Target	30.35
Upside Target	30.98
Upside Target	34.13
Upside Target	34.85
Upside Target	35.52

Intraday share price targets for Insteel Industries (IIIN)

Target Type	Value
Downside Intraday Target	27.88
Downside Intraday Target	25.91
Upside Intraday Target	31.09
Upside Intraday Target	32.33
Downside Intraday Target	29.12

Weekly technical analysis of Insteel Industries (IIIN)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	29.86	27.15	30.35	27.14	1.265 times
01 Fri Nov 2024	27.25	27.99	28.38	26.96	0.544 times
25 Fri Oct 2024	27.82	27.35	28.72	26.74	0.798 times
18 Fri Oct 2024	27.35	29.61	30.05	26.87	2.842 times
11 Fri Oct 2024	29.66	29.93	30.14	29.04	0.863 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
08 Fri Nov 2024	29.86	27.13	30.35	26.96	0.227 times
31 Thu Oct 2024	26.97	30.90	30.98	26.74	0.951 times
30 Mon Sep 2024	31.09	34.09	34.13	29.73	2.015 times
30 Fri Aug 2024	34.40	34.42	34.85	30.16	0.57 times

Scroll below to view daily charts

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)

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 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 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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Insteel Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 28.39 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 rising upwards.

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 is giving positive 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.