INSPIRE MEDICAL SYSTEMS INC (INSP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:INSP - US4577301090 - Common Stock
We assign a technical rating of 2 out of 10 to INSP. 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: 83% of all stocks are doing better.
- INSP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month INSP has a been trading in the 89.94 - 121.45 range, which is quite wide. It is currently trading near the lows of this range.
- INSP has an average volume of 1688830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- INSP is an average performer in the Health Care Equipment & Supplies industry, it outperforms 48% of 185 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
INSP has a poor technical rating and the quality of the setup is also not perfect 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
91.31
We found 1 important support area.
- A support zone ranging from 92.23 to 92.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 97.36 to 99.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @128.65 from a trend line in the weekly time frame.
- Resistance @132.93 from a trend line in the weekly time frame.
- Resistance @140.99 from a trend line in the daily 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 | 17.39 | NEGATIVE | INSP has a low relative strength, it was outperformed by 82.61% 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) | UP | MIXED | The current price of INSP is below the rising 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) | 40.31 | NEUTRAL | The RSI value for INSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests INSP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.09 | NEUTRAL | The Stochastics value for INSP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.41 | HIGH VOLATILITY | The high ATR as a percentage value for INSP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.66 | NEUTRAL | The ADX value for INSP suggests a possible start of a new trend. |
93.05
+0.59 (+0.64%)
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 2 / 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 40.3058. This indicates that the stock is currently neutral.
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 support level at 92.27 and a resistance level at 97.36. Check the full technical report for our detailed analysis of INSP support and resistance levels.