INSG Technical Analysis - INSEEGO CORP

Technical Rating and Analysis

Taking everything into account, INSG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INSG is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

INSG is one of the better performing stocks in the Communications Equipment industry, it outperforms 76% of 48 stocks in the same industry.

INSG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INSG is lagging the market slightly.

In the last month INSG has a been trading in the 12.56 - 17.70 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, INSG did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although INSG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.77

17.45

When analyzing the support we notice one important area.

A support zone ranging from 14.92 to 15.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for INSG is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for INSG is up.
ChartMill Relative Strength	91.34	POSITIVE	INSG has a high relative strength, it outperformed 91.34% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of INSG is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of INSG is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of INSG is above the rising SMA(200).
Relative Strength Index/RSI (14)	86.2	OVERBOUGHT	The high RSI value suggests INSG may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests INSG has a positive trend.
Stochastics (14,3)	95.27	OVERBOUGHT	The high Stochastics value suggests INSG may be overbought.
Average True Range in percent/ATR (20)	4.59	MEDIUM VOLATILITY	The ATR as a percentage value for INSG suggests some volalility.
Average Directional Index/ADX (14)	63.35	POSITIVE	The high ADX value value for INSG suggests a strong trend.