Inspira Technologies Oxy B.H.N. Ltd. Stock Forecast
Stronger technical forecast for Inspira Technologies Oxy B.H.N. Ltd. stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The Inspira Technologies Oxy B.H.N. Ltd. stock price gained 3.76% on the last trading day (Wednesday, 24th Apr 2024), rising from $1.86 to $1.93. During the last trading day the stock fluctuated 6.48% from a day low at $1.85 to a day high of $1.97. The price has fallen in 6 of the last 10 days and is down by -7.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 86 thousand more shares were traded than the day before. In total, 134 thousand shares were bought and sold for approximately $258.84 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.86 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 121.85% during the next 3 months and, with a 90% probability hold a price between $4.13 and $5.09 at the end of this 3-month period.
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IINN Signals & Forecast
The Inspira Technologies Oxy B.H.N. Ltd. 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 $1.88 and $1.88. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -8.53%. 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). The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Inspira Technologies Oxy B.H.N. Ltd. stock
Inspira Technologies Oxy B.H.N. Ltd. finds support from accumulated volume at $1.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.120 between high and low, or 6.48%. For the last week, the stock has had daily average volatility of 5.10%.
Our recommended stop-loss: $1.82 (-5.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (IINN) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Inspira Technologies Oxy B.H.N. Ltd. to open at $1.92, and during the day (based on 14 day Average True Range), to move between $1.79 and $2.07, which gives a possible trading interval of +/-$0.139 (+/-7.20%) up or down from last closing price. If Inspira Technologies Oxy B.H.N. Ltd. takes out the full calculated possible swing range there will be an estimated 14.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.90 (1.55%) than the resistance at $1.99 (3.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Inspira Technologies Oxy B.H.N. Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Inspira Technologies Oxy B.H.N. Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.753 Buy Candidate Upgraded
Predicted Opening Price for Inspira Technologies Oxy B.H.N. Ltd. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.92 ( 0.693%) | $1.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IINN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.04 | 5.52 % | |
| R2 | 1.99 | 3.15 % | ||
| R1 | 1.96 | 1.68 % | ||
| Current price: | 1.93 | |||
| Support | S1 | 1.87 | -3.07 % | |
| S2 | 1.84 | -4.53 % | ||
| S3 | 1.80 | -6.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.08 | 7.77 % | |
| R2 | 2.00 | 3.63 % | ||
| R1 | 1.99 | 3.11 % | ||
| Current price | 1.93 | |||
| Support | S1 | 1.90 | -1.55% | |
| S2 | 1.64 | -15.03% | ||
| S3 | 1.51 | -21.76% |
FAQ
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