NSIT Technical Analysis - INSIGHT ENTERPRISES INC

Technical Rating and Analysis

Overall NSIT gets a technical rating of 0 out of 10. NSIT 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

95% of all other stocks performed better in the past year than NSIT.

NSIT is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 88% of 124 stocks in the same industry do better.

NSIT 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.

In the last month NSIT has a been trading in the 105.78 - 122.02 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INSIGHT ENTERPRISES INC / NSIT Weekly stock chart

INSIGHT ENTERPRISES INC / NSIT Daily stock chart

Setup Rating and Analysis

NSIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

105.51

134.24

When analyzing the support we notice one important area.

A support zone ranging from 106.58 to 109.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 3 important areas.

Resistance @115.70 from a trend line in the daily time frame.
A resistance zone ranging from 120.32 to 123.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @132.91 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 NSIT is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NSIT is down.
ChartMill Relative Strength	5.18	NEGATIVE	NSIT has a low relative strength, it was outperformed by 94.82% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NSIT is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NSIT is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NSIT is below a declining SMA(200).
Relative Strength Index/RSI (14)	33.1	NEUTRAL	The RSI value for NSIT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests NSIT has a positive trend.
Stochastics (14,3)	19.09	OVERSOLD	The low Stochastics value suggests NSIT may be oversold.
Average True Range in percent/ATR (20)	3	MEDIUM VOLATILITY	The ATR as a percentage value for NSIT suggests some volalility.
Average Directional Index/ADX (14)	40.27	POSITIVE	The high ADX value value for NSIT suggests a strong trend.