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AI Analysis of NSIT
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Insight Enterprises stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 26, 2024 Gain 1.92% PDF

The Insight Enterprises stock price gained 1.92% on the last trading day (Wednesday, 27th Mar 2024), rising from $182.64 to $186.15. During the last trading day the stock fluctuated 1.11% from a day low at $184.33 to a day high of $186.38. The price has been going up and down for this period, and there has been a 0.55% gain for the last 2 weeks. Volume fell on the last day by -343 thousand shares and in total, 127 thousand shares were bought and sold for approximately $23.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.26% during the next 3 months and, with a 90% probability hold a price between $188.28 and $202.92 at the end of this 3-month period.

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NSIT Signals & Forecast

The Insight Enterprises stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $184.54 and $185.94. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -2.15%. 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).

Support, Risk & Stop-loss for Insight Enterprises stock

Insight Enterprises finds support from accumulated volume at $182.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.04 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: $179.32 (-3.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (NSIT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Insight Enterprises to open at $185.62, and during the day (based on 14 day Average True Range), to move between $182.52 and $189.78, which gives a possible trading interval of +/-$3.63 (+/-1.95%) up or down from last closing price. If Insight Enterprises takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $188.00 (0.99%) than the support at $182.74 (1.83%), 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 Insight Enterprises stock A Buy?

Insight Enterprises holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.171 Hold/Accumulate Downgraded

Predicted Opening Price for Insight Enterprises of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$185.62 ( 0.286%) $186.15

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

Trading levels for NSIT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 187.66 0.81 %
R2 186.88 0.393 %
R1 186.40 0.134 %
Current price: 186.15
Support S1 184.84 -0.705 %
S2 184.35 -0.96 %
S3 183.57 -1.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 192.61 3.47 %
R2 188.57 1.30 %
R1 188.00 0.99 %
Current price 186.15
Support S1 182.74 -1.83%
S2 182.71 -1.85%
S3 182.66 -1.87%

FAQ

What is the symbol for Insight Enterprises Stock and on which exchange is it traded?
The symbol for Insight Enterprises is NSIT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Insight Enterprises Stock?
Insight Enterprises holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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.

How to buy Insight Enterprises Stock?
Insight Enterprises Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Insight Enterprises Stock.

What's the current price of Insight Enterprises Stock?
As of the end of day on the 2024-03-27, the price of an Insight Enterprises (NSIT) share was $186.15.

What is the 52-week high and low for Insight Enterprises Stock?
The 52-week high for Insight Enterprises Stock is $194.53 and the 52-week low is $118.00.

What is the market capitalization of Insight Enterprises Stock?
As of the 2024-03-27, the market capitalization of Insight Enterprises is 6.067B.

When is the next earnings date for Insight Enterprises?
The upcoming earnings date for Insight Enterprises is May 07, 2024.
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About Insight Enterprises

Insight Enterprises IInsight Enterprises, Inc., together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services. It also offers cloud and data center... NSIT Profile

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