Thursday, February 11, 2021

Chart of the Day - Identiv


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Barchart.com's Chart of the Day - Identiv
February 11, 2021: Published by Barchart.com

The Barchart Chart of the Day belongs to the security technology company Identiv (INVE).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 1/22 the stock gained 40.36%.

Identiv, Inc. operates as a security technology company that secures data, physical places, and things worldwide. It operates through two segment, Premises and Identity. The Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and access management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle. The Identity segment provides smart card readers, which include various contact, contactless, portable, and mobile smart card readers, as well as tokens and terminals to enable logical access, and security and identification applications, such as national ID, payment, e-health, and e-government. The company also offers near field communication and radio frequency identification products, including inlays and inlay-based; labels and tags, as well as other radio frequency and integrated circuits components for use in various applications, such as virtual reality, games, loyalty cards, mobile payment systems, transit and event ticketing, and brand authenticity foe pharmaceuticals, consumer goods, hospital resource management, cold-chain management, and others; and access cards. It markets and sells its products through original equipment manufacturers, dealers, systems integrators, value added resellers, resellers, and Internet, as well as directly to end users. Identiv, Inc. has a strategic partnership with CertiPath. The company was formerly known as Identive Group, Inc. and changed its name to Identiv, Inc. in May 2014. Identiv, Inc. was founded in 1990 and is headquartered in Fremont, California.  

INVE

 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 188.50+ Weighted Alpha
  • 123.94% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 52.82% in the last month
  • Relative Strength Index 82.88%
  • Technical support level at 10.67
  • Recently traded at 11.76 with a 50 day moving average of 8.11

Fundamental factors:

  • Market Cap $203 million
  • Revenue expected to grow 3.70% this year and another 15.10% next year
  • Earnings estimated to increase 93.30% next year
  • Wall Street analysts issued 3 buy recommendations on the stock
  • The individual investors following the stock om Motley Fool vote 33 to 4 that the stock will beat the market
  • 3,020 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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