Is Innovex International, Inc. technically bullish or bearish?
As of October 1, 2023, Innovex International, Inc. has a mildly bullish technical stance, supported by positive indicators like a bullish MACD and Bollinger Bands, although it shows mixed trends with a bearish monthly outlook and has underperformed the S&P 500 over the long term despite recent short-term gains.
As of 1 October 2023, the technical stance for Innovex International, Inc. is mildly bullish. Key indicators driving this stance include a bullish MACD on the weekly timeframe, bullish Bollinger Bands on both weekly and monthly timeframes, and a bullish daily moving average. However, the Dow Theory indicates a mildly bullish weekly trend but a bearish monthly trend, and the On-Balance Volume shows a mildly bearish weekly signal. In terms of performance, Innovex has outperformed the S&P 500 over the past week and month, with returns of 2.32% and 4.87% compared to the S&P's 1.05% and 2.33%, respectively. However, over longer periods, such as the 1Y and 3Y, the stock has underperformed the benchmark.
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