INNEOVA Holdings Ltd [NASDAQ: INEO] gained 6.54% or 0.05 points to close at $0.89 with a heavy trading volume of 27692 shares.
The daily chart for INEO points out that the company has recorded -66.98% loss over the past six months.
If we look at the average trading volume of 3.48M shares, INEO reached to a volume of 27692 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Trading performance analysis for INEO stock
INNEOVA Holdings Ltd [INEO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.89. With this latest performance, INEO shares dropped by -12.26% in over the last four-week period, additionally sinking by -66.98% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INEO stock in for the last two-week period is set at 41.46, with the RSI for the last a single of trading hit 36.43, and the three-weeks RSI is set at 43.44 for INNEOVA Holdings Ltd [INEO]. The present Moving Average for the last 50 days of trading for this stock 0.9726, while it was recorded at 0.8685 for the last single week of trading.
