INSPIRE MEDICAL SYSTEMS INC (INSP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:INSP • US4577301090
Overall INSP gets a technical rating of 0 out of 10. INSP'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, INSP is a bad performer in the overall market: 93% of all stocks are doing better.
- INSP is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 71% of 186 stocks in the same industry do better.
- INSP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- INSP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- INSP has an average volume of 1568160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of INSP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
67.53
When analyzing the resistance we notice 2 important areas.
- Resistance @123.21 from a trend line in the weekly time frame.
- Resistance @127.68 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for INSP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INSP is down. |
| ChartMill Relative Strength | 7.58 | NEGATIVE | INSP has a low relative strength, it was outperformed by 92.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INSP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INSP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INSP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.43 | OVERSOLD | The low RSI value suggests INSP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests INSP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.92 | OVERSOLD | The low Stochastics value suggests INSP may be oversold. |
| Average True Range in percent/ATR (20) | 6.81 | HIGH VOLATILITY | The high ATR as a percentage value for INSP suggests high volalility. |
| Average Directional Index/ADX (14) | 34.42 | POSITIVE | The high ADX value value for INSP suggests a strong trend. |
68.21
+0.07 (+0.1%)
INSPIRE MEDICAL SYSTEMS INC / INSP FAQ
What is the ChartMill technical rating of INSPIRE MEDICAL SYSTEMS INC (INSP) stock?
ChartMill assigns a technical rating of 0 / 10 to INSP.
Can you provide the trend direction for INSPIRE MEDICAL SYSTEMS INC?
The current trend direction for INSPIRE MEDICAL SYSTEMS INC (INSP) is Bearish.
What is the RSI signal for INSPIRE MEDICAL SYSTEMS INC (INSP) stock?
INSPIRE MEDICAL SYSTEMS INC (INSP) has an RSI value of 29.4302. This indicates that the stock is currently oversold.
What is the short term momentum for INSPIRE MEDICAL SYSTEMS INC (INSP) stock?
The short term momentum for INSPIRE MEDICAL SYSTEMS INC (INSP) is negative.
What are the support and resistance levels for INSPIRE MEDICAL SYSTEMS INC (INSP) stock?
INSPIRE MEDICAL SYSTEMS INC (INSP) has a resistance level at 123.21. Check the full technical report for our detailed analysis of INSP support and resistance levels.