Insperity Inc Stock Forecast
Weaker technical forecast for Insperity Inc as stock downgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Insperity Inc stock price fell by -0.539% on the last day (Thursday, 25th Apr 2024) from $109.52 to $108.93. During the last trading day the stock fluctuated 1.58% from a day low at $107.68 to a day high of $109.38. The price has been going up and down for this period, and there has been a 2.39% gain for the last 2 weeks. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 224 thousand shares were bought and sold for approximately $24.40 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $110.35 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.25% during the next 3 months and, with a 90% probability hold a price between $96.36 and $112.83 at the end of this 3-month period.
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NSP Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -0.620%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Insperity Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $108.14 and $104.81. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Insperity Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $101.37 and $96.37. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Insperity Inc finds support just below today's level at $101.37. If this is broken, then the next support from accumulated volume will be at $96.37 and $96.35.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.70 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: $105.87 (-2.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (NSP) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Insperity Inc to open at $108.66, and during the day (based on 14 day Average True Range), to move between $106.86 and $111.00, which gives a possible trading interval of +/-$2.07 (+/-1.90%) up or down from last closing price. If Insperity Inc takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $109.61 (0.62%) than the support at $101.37 (6.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Insperity Inc will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.11. We will update the financials statements for Insperity Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.54% in the first trading day after earnings release.
Is Insperity Inc stock A Buy?
Insperity Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.727 Hold/Accumulate Downgraded
Predicted Opening Price for Insperity Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $108.66 ( 0.245%) | $108.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 110.36 | 1.32 % | |
| R2 | 109.71 | 0.720 % | ||
| R1 | 109.31 | 0.351 % | ||
| Current price: | 108.93 | |||
| Support | S1 | 108.01 | -0.84 % | |
| S2 | 107.61 | -1.21 % | ||
| S3 | 106.96 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 115.00 | 5.57 % | |
| R2 | 114.87 | 5.45 % | ||
| R1 | 109.61 | 0.624 % | ||
| Current price | 108.93 | |||
| Support | S1 | 101.37 | -6.94% | |
| S2 | 96.37 | -11.53% | ||
| S3 | 96.35 | -11.55% |
NSP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 06, 2024 | Mar 21, 2024 | $0.570 | 0.554% |
| 2 | Nov 16, 2023 | Dec 01, 2023 | Dec 18, 2023 | $0.570 | 0.490% |
| 3 | Aug 24, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.570 | 0.599% |
| 4 | May 24, 2023 | Jun 07, 2023 | Jun 22, 2023 | $0.570 | 0.468% |
| 5 | Feb 24, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.520 | 0.449% |
FAQ
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