We assign a technical rating of 4 out of 10 to INSU. 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.
INSU has only a medium technical rating, but it does show a decent setup pattern. 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
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.
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.
Can you provide the trend direction for Insurance Acquisition Corp Cl A?
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.
Can you provide the MACD signal for Insurance Acquisition Corp Cl A?
The MACD indicator for Insurance Acquisition Corp Cl A (INSU) has a value of 0.0103166, indicating a bearish trend.
What are the support and resistance levels for Insurance Acquisition Corp Cl A (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.