Technical Analysis for IIIN - Insteel Industries, Inc.

Grade Last Price % Change Price Change
C 30.13 -0.20% -0.06
IIIN closed down 0.2 percent on Friday, November 15, 2024, on 83 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
NR7 Range Contraction -0.20%
NR7-2 Range Contraction -0.20%
Multiple of Ten Bullish Other -0.20%
Crossed Above 50 DMA Bullish -0.30%
MACD Bullish Centerline Cross Bullish -0.30%
Pocket Pivot Bullish Swing Setup -0.30%
NR7 Range Contraction -0.30%
Stochastic Reached Overbought Strength -0.30%

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Profile

Insteel Industries, Inc. Description

Insteel Industries, Inc. manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers pre-stressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a high strength seven-wire strand that is used to impart compression forces into precast concrete elements and structures, which provides reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR is produced as a standard or specially engineered reinforcing product for use in nonresidential and residential construction. Its WWR products include engineered structural mesh that is used as the primary reinforcement for concrete elements or structures; concrete pipe reinforcement, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. Insteel Industries, Inc. sells its products through sales representatives to the manufacturers of concrete products, distributors, and rebar fabricators in the United States, Canada, Mexico, and Central and South America. The company was founded in 1958 and is headquartered in Mount Airy, North Carolina.


Classification

Sector: Industrials
Industry: Metal Fabrication
Keywords: Construction Building Materials Concrete Drainage Composite Materials Rebar Related Applications Concrete Products Structural Engineering Precast Concrete Reinforced Concrete Steel Industries Markets Steel Sewage Systems

Is IIIN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 39.2399
52 Week Low 26.7422
Average Volume 140,954
200-Day Moving Average 32.40
50-Day Moving Average 29.65
20-Day Moving Average 28.49
10-Day Moving Average 29.43
Average True Range 0.87
RSI (14) 57.08
ADX 26.93
+DI 30.17
-DI 18.99
Chandelier Exit (Long, 3 ATRs) 28.07
Chandelier Exit (Short, 3 ATRs) 29.34
Upper Bollinger Bands 30.97
Lower Bollinger Band 26.02
Percent B (%b) 0.83
BandWidth 17.38
MACD Line 0.20
MACD Signal Line -0.15
MACD Histogram 0.3531
Fundamentals Value
Market Cap 585.98 Million
Num Shares 19.4 Million
EPS 1.15
Price-to-Earnings (P/E) Ratio 26.20
Price-to-Sales 1.18
Price-to-Book 2.13
PEG Ratio 2.34
Dividend 0.12
Dividend Yield 0.40%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.89
Resistance 3 (R3) 30.97 30.80 30.76
Resistance 2 (R2) 30.80 30.61 30.76 30.72
Resistance 1 (R1) 30.47 30.49 30.38 30.38 30.68
Pivot Point 30.30 30.30 30.25 30.25 30.30
Support 1 (S1) 29.96 30.10 29.88 29.88 29.58
Support 2 (S2) 29.79 29.98 29.75 29.54
Support 3 (S3) 29.46 29.79 29.50
Support 4 (S4) 29.37