INSULET CORP (PODD) Stock Technical Analysis
NASDAQ:PODD • US45784P1012
Overall PODD gets a technical rating of 0 out of 10. PODD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 83% of all other stocks performed better in the past year than PODD.
- PODD 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.
- In the last month PODD has a been trading in the 237.02 - 275.10 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- PODD is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, PODD did better than 43% of them.
Although the technical rating is bad, PODD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 241.88, a Stop Loss order could be placed below this zone.
More info and screens
238.40
When analyzing the support we notice one important area.
- A support zone ranging from 240.81 to 241.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 246.62 to 248.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @258.08 from a horizontal line in the daily time frame.
- Resistance @309.11 from a trend line in the weekly time frame.
- Resistance @352.82 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for PODD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PODD is down. |
| ChartMill Relative Strength | 17.35 | NEGATIVE | PODD has a low relative strength, it was outperformed by 82.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PODD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PODD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PODD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.78 | NEUTRAL | The RSI value for PODD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.66 | POSITIVE | The MACD value suggests PODD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.79 | NEUTRAL | The Stochastics value for PODD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for PODD suggests some volalility. |
| Average Directional Index/ADX (14) | 28.79 | POSITIVE | The high ADX value value for PODD suggests a strong trend. |
246.61
-4.89 (-1.94%)
INSULET CORP / PODD FAQ
Can you provide the ChartMill technical rating for INSULET CORP?
ChartMill assigns a technical rating of 0 / 10 to PODD.
What is the trend direction for PODD stock?
The current trend direction for INSULET CORP (PODD) is Bearish.
What is the RSI signal for INSULET CORP (PODD) stock?
INSULET CORP (PODD) has an RSI value of 42.7761. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for INSULET CORP?
The buy/sell signal for INSULET CORP (PODD) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for INSULET CORP (PODD) stock?
INSULET CORP (PODD) has a support level at 241.88 and a resistance level at 246.62. Check the full technical report for our detailed analysis of PODD support and resistance levels.