INSPIRE MEDICAL SYSTEMS INC (INSP) Technical Analysis
NYSE:INSP • US4577301090
Current stock price
INSP Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to INSP. INSP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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.
- 95% of all other stocks performed better in the past year than INSP.
- INSP is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 76% of 187 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 has an average volume of 1043380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month INSP has a been trading in the 51.53 - 58.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
INSP Weekly and Daily overview Charts
INSP Setup Rating and Analysis
Although the technical rating is bad, INSP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 56.78. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for INSP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
INSP Support and Resistance Analysis
52.45
We found 1 important support area.
- Support @52.98 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 56.78 to 57.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @107.47 from a trend line in the weekly time frame.
INSP 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 | DOWN | NEGATIVE | The long term trend for INSP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INSP is neutral. |
| ChartMill Relative Strength | 5.57 | NEGATIVE | INSP has a low relative strength, it was outperformed by 94.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INSP is above the rising 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) | 52.24 | NEUTRAL | The RSI value for INSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests INSP has a positive trend. |
| Stochastics (14,3) | 51.52 | NEUTRAL | The Stochastics value for INSP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for INSP suggests high volalility. |
| Average Directional Index/ADX (14) | 14.96 | NEGATIVE | The low ADX value for INSP suggests a weak or negative trend. |
INSP Chart- and CandleStick Pattern Analysis
INSP Technicals: Chart, Performance Metrics, Trend & Indicators
56.7
+0.56 (+1%)
INSPIRE MEDICAL SYSTEMS INC / INSP TA FAQ
What is the ChartMill technical rating of INSPIRE MEDICAL SYSTEMS INC (INSP) stock?
ChartMill assigns a technical rating of 1 / 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 INSP stock?
INSPIRE MEDICAL SYSTEMS INC (INSP) has an RSI value of 52.2387. This indicates that the stock is currently neutral.
What is the MACD signal for INSP stock?
The MACD indicator for INSPIRE MEDICAL SYSTEMS INC (INSP) has a value of 0.335106, indicating a bearish trend.