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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of INGN
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Green day on Friday for Inogen stock after gaining 2.23752151463%
(Updated on Dec 08, 2023)

Buy candidate since Dec 07, 2023 Gain 2.24% PDF
The Inogen stock price gained 2.23752151463% on the last trading day (Friday, 8th Dec 2023), rising from $5.81 to $5.94. During the last trading day the stock fluctuated 4.57% from a day low at $5.80 to a day high of $6.07. The price has fallen in 7 of the last 10 days and is down by -1.49% for this period. Volume fell on the last day by -2 million shares and in total, 322 thousand shares were bought and sold for approximately $1.91 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.

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The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $6.09 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.37% during the next 3 months and, with a 90% probability hold a price between $4.66 and $6.48 at the end of this 3-month period.

INGN Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, November 24, 2023, and so far it has fallen -1.49%. 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 Inogen 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 $5.58 and $5.25. 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.

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Support, Risk & Stop-loss for Inogen stock

Inogen finds support from accumulated volume at $5.81 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 $0.265 between high and low, or 4.57%. For the last week, the stock has had daily average volatility of 13.12%.

Our recommended stop-loss: $5.72 (-3.72%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (INGN) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Inogen to open at $5.94, and during the day (based on 14 day Average True Range), to move between $5.49 and $6.39, which gives a possible trading interval of +/-$0.452 (+/-7.61%) up or down from last closing price. If Inogen takes out the full calculated possible swing range there will be an estimated 15.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.98 (0.67%) than the support at $5.81 (2.19%), 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 Inogen 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 Inogen stock to perform well in the short-term.

Current score: 3.495 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Inogen of Monday, December 11, 2023

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

Fair opening price December 11, 2023 Current price
$5.94 $5.94 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.20 4.38 %
R2 6.10 2.67 %
R1 6.04 1.62 %
Current price: 5.94
Support S1 5.83 -1.79 %
S2 5.77 -2.84 %
S3 5.67 -4.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 6.03 1.52 %
R1 5.98 0.673 %
Current price 5.94
Support S1 5.81 -2.19%
S2 5.79 -2.53%
S3 5.21 -12.29%
What is the symbol for Inogen Stock and on which exchange is it traded?
The symbol for Inogen is INGN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Inogen Stock?
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 Inogen stock to perform well in the short-term.

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

What's the current price of Inogen Stock?
As of the end of day on the 2023-12-08, the price of an Inogen (INGN) share was $5.94.

What is the 52-week high and low for Inogen Stock?
The 52-week high for Inogen Stock is $26.11 and the 52-week low is $4.13.

What is the market capitalization of Inogen Stock?
As of the 2023-12-08, the market capitalization of Inogen is 138.448M.

When is the next earnings date for Inogen?
The upcoming earnings date for Inogen is 2024-02-22 23:00:00.

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About Inogen

Inogen Inogen, Inc., a medical technology company, develops, manufactures, and markets portable oxygen concentrators to patients, physicians and other clinicians, and third-party payors in the United States and internationally. Its oxygen concentrators are used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. The company offers Inogen One, a portable device that concentrate the air around the pa... INGN Profile

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