Inseego Corp Stock Forecast

Green day on Thursday for Inseego Corp stock after gaining 4.31%
(Updated on Apr 18, 2024)

INSG Signals & Forecast

There are mixed signals in the stock today. The Inseego Corp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.82. On a fall, the stock will find some support from the short-term average at $2.38. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -32.96%. 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). Inseego Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Inseego Corp stock

Inseego Corp finds support from accumulated volume at $2.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.160 between high and low, or 6.90%. For the last week, the stock has had daily average volatility of 6.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INSG) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Inseego Corp to open at $2.41, and during the day (based on 14 day Average True Range), to move between $2.21 and $2.63, which gives a possible trading interval of +/-$0.213 (+/-8.79%) up or down from last closing price. If Inseego Corp takes out the full calculated possible swing range there will be an estimated 17.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.44 (0.83%) than the support at $2.38 (1.65%), 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.

Is Inseego Corp stock A Buy?

Inseego Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.039 Sell Candidate Unchanged

Predicted Opening Price for Inseego Corp of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.