14-day Premium Trial Subscription Try For FreeTry Free
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
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Inogen stock price up 2.81% on Thursday
(Updated on Jun 20, 2024)

Sell candidate since Jun 13, 2024 Loss -0.13% PDF

The Inogen stock price gained 2.81% on the last trading day (Thursday, 20th Jun 2024), rising from $7.65 to $7.86. During the last trading day the stock fluctuated 5.10% from a day low at $7.51 to a day high of $7.89. The price has been going up and down for this period, and there has been a -4.5% loss for the last 2 weeks. Volume fell on the last day by -73 thousand shares and in total, 119 thousand shares were bought and sold for approximately $936.81 thousand. 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 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 18.45% during the next 3 months and, with a 90% probability hold a price between $8.67 and $11.25 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

INGN Signals & Forecast

There are few to no technical positive signals at the moment. The Inogen stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.19. On a fall, the stock will find some support from the short-term average at $7.81. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -12.18%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Inogen stock

Inogen finds support from accumulated volume at $7.72 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.383 between high and low, or 5.10%. For the last week the stock has had daily average volatility of 6.36%.

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

Trading Expectations (INGN) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Inogen to open at $7.75, and during the day (based on 14 day Average True Range), to move between $7.40 and $8.32, which gives a possible trading interval of +/-$0.456 (+/-5.80%) up or down from last closing price. If Inogen takes out the full calculated possible swing range there will be an estimated 11.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.72 (1.78%) than the resistance at $8.24 (4.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Inogen stock A Buy?

The Inogen stock holds several negative signals and despite the positive trend, we believe Inogen will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.563 Sell Candidate Unchanged

Predicted Opening Price for Inogen of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$7.75 ( 1.37%) $7.86

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

Trading levels for INGN

Fibonacci Support & Resistance Levels

Level Price
R3 8.14 3.50%
R2 7.99 1.64%
R1 7.90 0.491%
Price 7.86
S1 7.61 -3.23%
S2 7.52 -4.38%
S3 7.37 -6.24%

Accumulated Volume Support & Resistance Levels

Level Price
R3 8.69 10.56%
R2 8.46 7.63%
R1 8.24 4.83%
Price 7.86
S1 7.72 -1.78%
S2 7.40 -5.85%
S3 7.09 -9.80%

FAQ

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?
The Inogen stock holds several negative signals and despite the positive trend, we believe Inogen will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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 Jun 20, 2024, the price of an Inogen (INGN) share was $7.86.

What is the 52-week high and low for Inogen Stock?
The 52-week high for Inogen Stock is $11.98 and the 52-week low is $4.13.

What is the market capitalization of Inogen Stock?
As of the Jun 20, 2024, the market capitalization of Inogen is 185.316M.

When is the next earnings date for Inogen?
The upcoming earnings date for Inogen is Aug 05, 2024.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT