Insurance Acquisition Corp Cl A (INSU) Stock Technical Analysis
NASDAQ:INSU -
11.66
-0.32 (-2.67%)
11.9
+0.24 (+2.06%)
Taking everything into account, INSU scores 4 out of 10 in our technical rating. INSU was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
100% of all other stocks performed better in the past year than INSU.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
INSU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INSU is lagging the market.
In the last month INSU has a been trading in the 10.68 - 13.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, INSU does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 11.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INSU 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
10.53
12.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.31 to 11.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.93 to 10.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.67 to 11.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.99 to 12.09. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for INSU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INSU is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | INSU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INSU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of INSU is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 47.9 | NEUTRAL | The RSI value for INSU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests INSU has a positive trend. |
| Stochastics (14,3) | 54.91 | NEUTRAL | The Stochastics value for INSU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for INSU suggests high volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Insurance Acquisition Corp Cl A
NASDAQ:INSU (10/14/2020, 8:07:58 PM)
After market: 11.9 +0.24 (+2.06%)11.66
-0.32 (-2.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.67%
1 Week5.05%
2 Weeks-1.27%
1 Month-5.36%
3 Month3.64%
6 Month16.14%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%6.28%
ATR Inc13.12%
Range Today0.67
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High12.31
10 Day Low10.68
20 Day High13.07
20 Day Low10.68
52 Week High14.91
52 Week Low9.52
CS1 End11.39
CR1 Start11.67
Volume & EV
DER(3)4.05%
DER(5)3.01%
Volume629.30K
Volume Incr48.54%
Vol(5)440.52K
Vol(50)328.53K