INSMED INC (INSM)       18.94  -0.04 (-0.21%)

18.94  -0.04 (-0.21%)

US4576693075 - Common Stock

Technical Rating

1

We assign a technical rating of 1 out of 10 to INSM. INSM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



In the last month INSM has a been trading in the 17.72 - 21.05 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
INSM has an average volume of 1502730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
INSM is an average performer in the Biotechnology industry, it outperforms 65% of 635 stocks in the same industry.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, INSM is a bad performer in the overall market: 75% of all stocks are doing better.
INSM is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 4.46% -23.56% 3.89% -28.08% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 25.4 16.41 - 28.94
INSM Weekly chart
INSM Daily chart

Support/Resistance Analysis


16.81

25.38
We found 3 important support areas.
  • Support @18.37 from a trend line in the daily time frame.
  • Support @18.03 from a horizontal line in the daily time frame.
  • A support zone ranging from 16.98 to 17.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 20.09 to 20.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 23.99 to 24.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @25.13 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

6

INSM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.09. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

INSM Daily chart

INSMED INC18.94

NASDAQ:INSM (12/7/2022, 12:58:19 PM)-0.04 (-0.21%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology
Performance
Today -0.21% 1 Week 4.8%
2 Weeks 0.26% 1 Month 4.46%
3 Month -23.56% 6 Month 3.89%
Volatility
ATR(14) 0.97 ATR(20)% 4.9%
ATR Inc 37.01% Range Today 0.77
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 25.4 Mansfield -1.1
10 Day High 21.05 10 Day Low 17.73
20 Day High 21.05 20 Day Low 17.72
52 Week High 28.94 52 Week Low 16.41
CS1 End 18.37 CR1 Start 20.09
Volume & EV
DER(3) 0.75% DER(5) 2.21%
Volume 532.41K Volume Incr 11.46%
Vol(5) 1.51M Vol(50) 1.50M

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