NSPR Technical Analysis - INSPIREMD INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to NSPR. NSPR 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 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.

70% of all other stocks performed better in the past year than NSPR.

NSPR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

NSPR is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry, NSPR did better than 57% of them.

In the last month NSPR has a been trading in the 2.30 - 2.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, NSPR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.30, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.21

3.07

2 important support areas can be observed.

A support zone ranging from 2.28 to 2.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Support @2.23 from a horizontal line in the weekly time frame.

We can see 6 important resistance areas.

Resistance @2.37 from a horizontal line in the daily time frame.
A resistance zone ranging from 2.41 to 2.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.51 from a horizontal line in the daily time frame.
Resistance @2.70 from a horizontal line in the weekly time frame.
Resistance @2.87 from a horizontal line in the daily time frame.
Resistance @3.04 from a trend line in the weekly time frame.

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Support and Resistance indicators

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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 NSPR is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NSPR is neutral.
ChartMill Relative Strength	30.26	NEUTRAL	NSPR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NSPR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NSPR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NSPR is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.8	NEUTRAL	The RSI value for NSPR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests NSPR has a negative trend.
Stochastics (14,3)	25.38	NEUTRAL	The Stochastics value for NSPR is a neutral value.
Average True Range in percent/ATR (20)	3.46	MEDIUM VOLATILITY	The ATR as a percentage value for NSPR suggests some volalility.
Average Directional Index/ADX (14)	9.16	NEGATIVE	The low ADX value for NSPR suggests a weak or negative trend.