INSIGHT ENTERPRISES INC (NSIT) Technical Analysis
NASDAQ:NSIT • US45765U1034
We assign a technical rating of 2 out of 10 to NSIT. In the past year, NSIT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, NSIT is a bad performer in the overall market: 87% of all stocks are doing better.
- NSIT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 74% are performing better than NSIT.
- NSIT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NSIT is lagging the market.
- In the last month NSIT has a been trading in the 80.45 - 95.98 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, NSIT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 85.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 84.62, a Stop Loss order could be placed below this zone.
More info and screens
77.07
We found 2 important support areas.
- A support zone ranging from 83.27 to 84.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 77.85 to 77.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 85.04 to 87.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @89.14 from a horizontal line in the weekly time frame.
- Resistance @90.91 from a trend line in the daily time frame.
- Resistance @94.27 from a horizontal line in the daily time frame.
- Resistance @111.38 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for NSIT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NSIT is neutral. |
| ChartMill Relative Strength | 13.93 | NEGATIVE | NSIT has a low relative strength, it was outperformed by 86.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NSIT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NSIT is above the rising 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) | 50.11 | NEUTRAL | The RSI value for NSIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests NSIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.61 | NEUTRAL | The Stochastics value for NSIT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for NSIT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.87 | NEGATIVE | The low ADX value for NSIT suggests a weak or negative trend. |
NSIT Technicals: Chart, Performance Metrics, Trend & Indicators
84.99
-1.83 (-2.11%)
INSIGHT ENTERPRISES INC / NSIT FAQ
Can you provide the ChartMill technical rating for INSIGHT ENTERPRISES INC?
ChartMill assigns a technical rating of 2 / 10 to NSIT.
What is the trend direction for NSIT stock?
The current trend direction for INSIGHT ENTERPRISES INC (NSIT) is Bearish.
What is the RSI signal for NSIT stock?
INSIGHT ENTERPRISES INC (NSIT) has an RSI value of 50.1139. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INSIGHT ENTERPRISES INC?
The short term momentum for INSIGHT ENTERPRISES INC (NSIT) is neutral.