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Inspira Technologies Oxy B.H.N. Ltd. Stock Forecast NASDAQ:IINN

$2.69 (1.13%)

Volume: 546k

Closed: Dec 08, 2021

Hollow Logo Score: -2.266

Inspira Technologies Oxy B.H.N. Ltd. Stock Forecast

$2.69 (1.13%)

Volume: 546k

Closed: Dec 08, 2021

Score Hollow Logo -2.266
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 85 ] RSI14 is 37 and the stock is currently not being overbought or oversold

Green day on Wednesday for Inspira Technologies Oxy B.H.N. Ltd.
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-17 Loss -17.23%

The Inspira Technologies Oxy B.H.N. Ltd. stock price gained 1.13% on the last trading day (Wednesday, 8th Dec 2021), rising from $2.66 to $2.69. During the day the stock fluctuated 9.62% from a day low at $2.60 to a day high of $2.85. The price has been going up and down for this period, and there has been a -5.94% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 198 thousand more shares were traded than the day before. In total, 546 thousand shares were bought and sold for approximately $1.47 million.

The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.45 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.82% during the next 3 months and, with a 90% probability hold a price between $2.55 and $10.13 at the end of this 3-month period.

Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Inspira Technologies Oxy B.H.N. Ltd. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Inspira Technologies Oxy B.H.N. Ltd. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.76 and $3.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, October 26, 2021, and so far it has fallen -71.95%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

Inspira Technologies Oxy B.H.N. Ltd. finds support from accumulated volume at $2.60 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.25 between high and low, or 9.62%. For the last week, the stock has had a daily average volatility of 11.84%.

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

Is Inspira Technologies Oxy B.H.N. Ltd. stock A Buy?

The Inspira Technologies Oxy B.H.N. Ltd. stock holds several negative signals and despite the positive trend, we believe Inspira Technologies Oxy B.H.N. Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.266

Predicted Opening Price for Inspira Technologies Oxy B.H.N. Ltd. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$2.71 $2.69 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 01, 2021 "Aegis" gave "$9.00 - $10.00" rating for IINN. The price target was changed from $3.96 to 5.5%.

Volatility and Risk
Daily Average Volatility: 11.84 %
Overall Risk: Very High High Medium Low Very Low
Volatility
11.84 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3.16
Price: $2.69
Support: $2.60

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.96 10.16 %
2.87 6.61 %
2.81 4.42 %
Current price: 2.69
Support 2.62 -2.68 %
2.56 -4.88 %
2.46 -8.43 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.35 24.54 %
3.30 22.68 %
3.16 17.47 %
Current price 2.69
Support 2.60 -3.35%
2.54 -5.58%
2.42 -10.04%

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