INNEOVA Holdings Ltd [NASDAQ: INEO] stock went on an upward path that rose over 35.21% on Friday, amounting to a one-week price increase of more than 38.86%.
The market cap for the stock reached $11.95 million, with 9.88 million shares outstanding and 9.88 million shares in the current float. Compared to the average trading volume of 3.47M shares, INEO stock reached a trading volume of 26752536 in the most recent trading day, which is why market watchdogs consider the stock to be active.
INEO Stock Performance Analysis:
INNEOVA Holdings Ltd [INEO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 38.86. With this latest performance, INEO shares gained by 16.35% in over the last four-week period, additionally sinking by -57.24% 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 56.17, with the RSI for the last a single of trading hit 61.16, and the three-weeks RSI is set at 52.89 for INNEOVA Holdings Ltd [INEO]. The present Moving Average for the last 50 days of trading for this stock 0.9844, while it was recorded at 0.9362 for the last single week of trading.
