Innodata Inc. (INOD)

Innodata stock forecast: buy or sell

Innodata stock outlook

  • Innodata closed today at $2.15 (-3.59%) prior to presenting earnings at
  • Innodata Inc. operates as a digital services and solution company worldwide. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility PR Solutions (Agility).
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Please read:
The thoughts expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the specific scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for education reasons only

Innodata stock charts overview

Should I buy Innodata stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is INOD stock a buy?

In the current situation of Innodata there is not any eligible buy setup. This doesn't mean INOD will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Innodata stock?

"To sell or not to sell", if you are holding Innodata stock?. Trading strategies let us to avoid impulsive decisions based on our personal moods or the buzz that surrounds the market. We like very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups should not be used for selling short INOD stock

As a golden rule, you should never hold an investment that shows a higher than expected losses upon purchase. When to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Innodata stock?

Currently, Innodata stock doesn't match any of our preferred sell setups, so if you own Innodata shares and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Innodata stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the previous month we couldn't find any rating for Innodata

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Technical analysis

SMAs overview

A favorite tool of many traders are the moving averages, that easily show trend momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. Learn more about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Investors use supports and resistances as a way to identify price points in the stock price action that may act as barriers, preventing the price of a stock to move up or down. Supports are levels where the price may find support as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it is likely to continue declining until finding another support level. On the other side, a resistance level is where the price tends to find opposition as it moves up. Again, the price is more likely to "rebound" at this level, and if it finally breaches this level, it will climb easily until it hits the next resistance

The current resistances are:

  • R1: $2.15 (0% above)
  • R2: $2.16 (0.47% above)
  • R3: $2.21 (2.79% above)
  • The current support levels are:

  • S1: $2.13 (-0.93% below)
  • S2: $2.11 (-1.86% below)
  • S3: $2.10 (-2.33% below)
  • Bollinger bands

    The so-called Bollinger bands are a popular studio designed by John Bollinger. It consists of 3 lines that are drawn superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. Its objective is to map the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI ranges between 0% and 100%. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 in late August after just crossing to the overbough zone for 1 day (weak signal). The RSI reading today was 54.72. Since then, Innodata stock tanked a 5.29%

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    Earnings and financials

    In early August, Innodata hosted the financial event and released the Q2 report.

    Same quarter last year, reported EPS was $-0.01, so recently reported EPS means an improvement of 100%. Revenue barely changed on an annualized basis in the 2nd-quarter, from $13.6M to $13.9M last quarter.

    Innodata is releasing earnings report. If you own or you are planning to buy Innodata shares, be vigilant as the earnings reporting day usually has a very high volatility, and price can jump up or down with exceptionally low liquidity and not honouring your buy or stop-loss orders. You can probably find more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.innodata.com.

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