Jack Henry & Associates, Inc. ($JKHY) Faces Up Against Innodata Inc. ($INOD)

2019-08-16 | Welcome! Today we compared how two different stocks in the EDP Services industry are trading: Jack Henry & Associates, Inc. and Innodata Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Jack Henry & Associates, Inc. opened at 138.65, got to a maximum price of 143.57 and dropped to as low as 138.38 before finishing the session at 141.94. In total there were 724700 shares traded, which is enough to conduct our analysis. Compare that now to Innodata Inc., which opened at 1.35, had a high of 1.35, a low of 1.26, closed at 1.26 and had a total volume of 29400.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Jack Henry & Associates, Inc. Innodata Inc.
Accumulation-distribution index 493.09878 3.02667
on-balance volume -138.18 1.28
chaikin money flow

1.10976 0.50394
force index

0.7093 0.0015
ease of movement rating

0.01716 0.00215
volume-price trend

1.17309 0.19363
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Jack Henry & Associates, Inc. Innodata Inc.
Average true range 1.38636 0.03732
Bolinger bands 139.18451 1.27914
Upper bollinger band 136.69549 1.25086
Lower bollinger band

138.38 1.26
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

140.2 1.32
High band keltner channel

135.28 1.32
Low band keltner channel

145.12 1.32
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

138.38 1.26
Donchain channel low band

138.38 1.26
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Jack Henry & Associates, Inc. Innodata Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.00022
MACD signal -0.01097 0.00012
MACD difference -0.00877 0.0001
fast Exponential Moving Average (EMA) indicator

138.38 1.26
slow Exponential Moving Average (EMA) indicator

138.38 1.26
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.02129 0.08233

1.19174 14.76361
Mass Index (MI)

1.0 1.8
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

-1.13337 -0.16515
KST Oscillator (KST)

8.2579 150.84258
KST Oscillator (KST Signal)

8.2579 150.84258
KST difference

-1.60295 2.28342
Ichimoku rating

141.11 1.35
Ichimoku B rating

141.11 1.35
Ichimoku visual trend A

138.83893 1.14728
Ichimoku visual trend B

138.946 1.17636
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Jack Henry & Associates, Inc. Innodata Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 100.0
True Strength Index (TSI) 100.0 100.0
ultimate oscillator

80.76058 64.72663
stochastic oscillator

105.4878 50.0
stochastic oscillator signal

105.4878 50.0
Williams %R rating

5.4878 -50.0
awesome oscillator

-0.23314 -0.0101

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Jack Henry & Associates, Inc. and Innodata Inc..

Daily return 0.82579 15.08426
Daily log return -0.63796 0.79052
Cumulative return -0.63593 0.79365

So there you have it: our deep, grueling analysis comparing Jack Henry & Associates, Inc. and Innodata Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Jack Henry & Associates, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether JKHY is strong or weak. Again – this is not a reliable indication of whether Jack Henry & Associates, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Innodata Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

Leave a Reply

Your email address will not be published. Required fields are marked *