INSIGNIA SYSTEMS INC (ISIG) Stock Technical Analysis
USA - NASDAQ:ISIG - US45765Y2046 - Common Stock
Overall ISIG gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ISIG was also a bad performer in the overall market in the last year.
ISIG 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.
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6.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.58 to 7.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.26 to 7.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.92 to 6.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @7.82 from a trend line in the daily time frame.
- A resistance zone ranging from 8.00 to 8.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.67 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.54 to 9.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ISIG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ISIG is neutral. |
| ChartMill Relative Strength | 34.28 | NEUTRAL | ISIG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ISIG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ISIG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ISIG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.1 | NEUTRAL | The RSI value for ISIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ISIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.05 | NEUTRAL | The Stochastics value for ISIG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ISIG suggests some volalility. |
| Average Directional Index/ADX (14) | 11 | NEGATIVE | The low ADX value for ISIG suggests a weak or negative trend. |
NASDAQ:ISIG (8/3/2023, 8:00:03 PM)
7.73
+0.46 (+6.33%)
INSIGNIA SYSTEMS INC / ISIG FAQ
What is the technical rating for ISIG stock?
ChartMill assigns a technical rating of 3 / 10 to ISIG.
Can you provide the trend direction for INSIGNIA SYSTEMS INC?
The current trend direction for INSIGNIA SYSTEMS INC (ISIG) is Bearish.
What is the RSI signal for INSIGNIA SYSTEMS INC (ISIG) stock?
INSIGNIA SYSTEMS INC (ISIG) has an RSI value of 54.0953. This indicates that the stock is currently neutral.
What is the short term momentum for ISIG stock?
The short term momentum for INSIGNIA SYSTEMS INC (ISIG) is neutral.
Can you provide the support and resistance levels for INSIGNIA SYSTEMS INC?
INSIGNIA SYSTEMS INC (ISIG) has a support level at 7.66 and a resistance level at 7.82. Check the full technical report for our detailed analysis of ISIG support and resistance levels.