Investors may be looking at some various trading signals on shares of Insteel Industries (IIIN). After a recent look, we noticed that the current 20-day moving average vs price signal is Sell. This is the signal from the 20-day MA which is used to monitor changes in stock price. The current signal strength is Weak and the direction has been noted as Weakening. Taking a longer-term view, we can see that the 100-day moving average verse price signal is Sell. The 100-day MA verse price strength is Weak, and the direction of the signal is Weakening.

Investing in the stock market will always involve some level of risk. Investors often have to determine how much they are willing to risk, and try to project what the potential reward could be. Taking on too much risk may put the average investor out of their comfort zone. Finding that sweet spot for risk appetite may help investors get on the correct path to conquering the markets. As companies continue to report quarterly earnings, investors will be watching which companies post larger than expected surprises. Analysts will also be watching the numbers closely in order to make sense of the results and update estimates accordingly.

Investors closely watching shares of Insteel Industries (IIIN) may want to focus in on the current opinion signal for the stock. The opinion signal for the current trading session is 56% Sell. Looking back at the last month, the opinion signal reads 72% Sell. This is the combined signal for the previous month when applying a wide array of studies based on price movement. Investors may also be interested in the direction of the opinion signals. The opinion direction is currently Weakest. This is a measurement over the past three trading sessions that provides an indication of whether the latest recent price movement is following the signal.

Focusing in on some further data, we note that the stock has a current weighted alpha of -45.90. The weighted alpha gauges how much the stock has increased or decreased over the period of one full year. The weighting puts higher emphasis on more recent activity providing a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that the stock has risen over the past year. A negative reading would indicate that the stock is down over that same time period. Technical traders often use the weighted alpha to help discover stocks that are building momentum.

After a recent check, we can see that Insteel Industries (IIIN)’s first resistance level is 20.3. On the flip side, investors are tracking the first support level of 19.66. Investors are often paying close attention to stock price support and resistance levels. The support is simply a level where a stock may see a bounce after it has fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance.

Investors typically have the option of following what the professional Wall Street analysts are saying about the stock. Analysts may provide estimates and recommendations on stocks that they cover. At the time of writing, the current analyst rating on the stock is 5. This is based on a scale where a 5 would represent a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell.

With the stock market continuing to move higher, investors may be searching for stocks that are still fairly undervalued. This may involve doing a little bit more homework than usual. Spotting those names that have been cast aside and not garnering much recent attention might be a good place to start. Putting in a few extra hours of stock research may provide some good options for buying on the next big dip. Of course, nobody can say for sure how long the markets will continue to climb. Being ready for a pullback can help if investors already have some names in mind that they are looking to scoop up when they fall to a certain level. Tracking the technicals and staying up on the fundamentals should help investors hone in on the next wave of stocks to add to the portfolio.