Insurance Acquisition Corp Cl A (INSU) Stock Technical Analysis
NASDAQ:INSU
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.
- When comparing the yearly performance of all stocks, INSU is a bad performer in the overall market: 100% of all stocks are doing better.
- 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
3 important support areas can be observed.
- 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.
2 important resistance areas can be observed.
- 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. |
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%)
Insurance Acquisition Corp Cl A / INSU FAQ
Can you provide the ChartMill technical rating for Insurance Acquisition Corp Cl A?
ChartMill assigns a technical rating of 4 / 10 to INSU.
What is the current trend direction of Insurance Acquisition Corp Cl A (INSU) stock?
The current trend direction for Insurance Acquisition Corp Cl A (INSU) is Bullish.
What is the RSI signal for Insurance Acquisition Corp Cl A (INSU) stock?
Insurance Acquisition Corp Cl A (INSU) has an RSI value of 47.8965. This indicates that the stock is currently neutral.
What is the short term momentum for INSU stock?
The short term momentum for Insurance Acquisition Corp Cl A (INSU) is neutral.
What is the support and resistance level for INSU stock?
Insurance Acquisition Corp Cl A (INSU) has a support level at 11.39 and a resistance level at 11.67. Check the full technical report for our detailed analysis of INSU support and resistance levels.