Insteel Industries: RSI Overbought, Bollinger Bands Narrowing on 15min Chart

Insteel Industries' 15-minute chart has reached an overbought RSI level and is currently experiencing narrowing Bollinger Bands as of 08/12/2025 at 15:00. This suggests that the stock price has risen too rapidly and may be unsupported by fundamental values, with decreasing magnitude of price fluctuations.

On Thursday, Materion Corporation (MTRX) achieved a significant technical milestone, with its Relative Strength (RS) Rating improving to 83, up from 80 the day before [1]. This jump places Materion in the 80-plus percentile, indicating strong technical performance compared to other stocks on major indexes. The RS Rating is a unique metric developed by Investor's Business Daily (IBD) that tracks a stock's price action over the last 52 weeks.

Over the past century, stocks that have gone on to make substantial gains typically exhibit an RS Rating of over 80 in the early stages of their moves. Materion is currently working on a cup without handle formation, with an entry point at 123.21. Traders are now watching to see if the stock can break out in heavy trading.

In the latest quarterly report, Materion reported a -4% earnings per share (EPS) growth and a 1% increase in revenue. The company holds the No. 6 rank among its peers in the Metal-Fabricators industry group, with Mueller Industries, Insteel Industries, and Century Aluminum being among the top 5 highly rated stocks within the group.

On a separate note, Insteel Industries' 15-minute chart reached an overbought Relative Strength Index (RSI) level and is experiencing narrowing Bollinger Bands as of 08/12/2025 at 15:00. This suggests that the stock price has risen too rapidly and may be unsupported by fundamental values, with decreasing magnitude of price fluctuations. Traders should be cautious, as the stock may be due for a correction.

References:
[1] https://www.inkl.com/news/materion-shows-rising-price-performance-with-jump-to-83-rs-rating