Inspira Technologies Oxy B.H.N. Ltd. Stock Forecast
Inspira Technologies Oxy B.H.N. Ltd. stock price up more than 5.56% on Friday
(Updated on May 03, 2024)
The Inspira Technologies Oxy B.H.N. Ltd. stock price gained 5.56% on the last trading day (Friday, 3rd May 2024), rising from $1.98 to $2.09. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.21% from a day low at $1.95 to a day high of $2.11. The price has risen in 7 of the last 10 days and is up by 16.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 175 thousand more shares were traded than the day before. In total, 267 thousand shares were bought and sold for approximately $557.17 thousand.
The stock lies in the middle of a very wide and strong 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 74.04% during the next 3 months and, with a 90% probability hold a price between $3.15 and $4.13 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. 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 $1.93 and $1.89. 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 -0.95%. 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 $2.08 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 $0.160 between high and low, or 8.21%. For the last week, the stock has had daily average volatility of 5.45%.
Our recommended stop-loss: $2.01 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (IINN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Inspira Technologies Oxy B.H.N. Ltd. to open at $2.05, and during the day (based on 14 day Average True Range), to move between $1.96 and $2.22, which gives a possible trading interval of +/-$0.128 (+/-6.12%) 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 12.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.08 (0.48%) than the resistance at $2.11 (0.96%), 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?
Inspira Technologies Oxy B.H.N. Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.219 Strong Buy Candidate Unchanged
Predicted Opening Price for Inspira Technologies Oxy B.H.N. Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $2.05 ( 1.91%) | $2.09 |
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 | 2.21 | 5.74 % | |
| R2 | 2.15 | 2.82 % | ||
| R1 | 2.11 | 1.01 % | ||
| Current price: | 2.09 | |||
| Support | S1 | 1.99 | -4.84 % | |
| S2 | 1.95 | -6.64 % | ||
| S3 | 1.89 | -9.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2.11 | 0.96 % | ||
| Current price | 2.09 | |||
| Support | S1 | 2.08 | -0.478% | |
| S2 | 1.99 | -4.78% | ||
| S3 | 1.64 | -21.53% |
FAQ
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