Inspired Entertainment Inc Stock Forecast
Red day on Friday for Inspired Entertainment Inc stock after losing 0.559%
(Updated on May 17, 2024)
The Inspired Entertainment Inc stock price fell by -0.559% on the last day (Friday, 17th May 2024) from £89.50 to £89.00. During the last trading day the stock fluctuated 1.87% from a day low at £88.35 to a day high of £90.00. The price has risen in 6 of the last 10 days and is up by 18.67% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -41 thousand shares and in total, 37 thousand shares were bought and sold for approximately £3.31 million.
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 17.93% during the next 3 months and, with a 90% probability hold a price between £77.13 and £112.60 at the end of this 3-month period.
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INSE.L Signals & Forecast
The Inspired Entertainment Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £89.93. On a fall, the stock will find some support from the long-term average at approximately £72.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, May 15, 2024, and so far it has fallen -6.32%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Inspired Entertainment Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at £80.00 and £75.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Inspired Entertainment Inc finds support just below today's level at £80.00. If this is broken, then the next support from accumulated volume will be at £75.50 and £75.00.
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 £1.65 between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 5.34%.
Our recommended stop-loss: £83.84 (-5.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (INSE.L) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Inspired Entertainment Inc to open at £89.12, and during the day (based on 14 day Average True Range), to move between £84.54 and £93.46, which gives a possible trading interval of +/-£4.46 (+/-5.01%) up or down from last closing price. If Inspired Entertainment Inc takes out the full calculated possible swing range there will be an estimated 10.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £91.50 (2.81%) than the support at £80.00 (10.11%), 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 Inspired Entertainment Inc 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 Inspired Entertainment Inc stock to perform well in the short-term.
Current score: 3.055 Buy Candidate Unchanged
Predicted Opening Price for Inspired Entertainment Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| £89.12 ( 0.131%) | £89.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INSE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 90.77 | 1.99 % | |
| R2 | 90.14 | 1.28 % | ||
| R1 | 89.75 | 0.84 % | ||
| Current price: | 89.00 | |||
| Support | S1 | 88.49 | -0.577 % | |
| S2 | 88.10 | -1.01 % | ||
| S3 | 87.47 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.00 | 6.74 % | |
| R2 | 94.00 | 5.62 % | ||
| R1 | 91.50 | 2.81 % | ||
| Current price | 89.00 | |||
| Support | S1 | 80.00 | -10.11% | |
| S2 | 75.50 | -15.17% | ||
| S3 | 75.00 | -15.73% |
INSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jul 26, 2024 | £1.50 | 1.69% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £1.40 | 1.31% |
| 3 | Sep 06, 2022 | Oct 13, 2022 | Dec 08, 2022 | £0.130 | 0.160% |
| 4 | Mar 30, 2022 | Jun 16, 2022 | Jul 26, 2022 | £0.130 | 0.106% |
| 5 | Sep 02, 2021 | Oct 14, 2021 | Dec 08, 2021 | £0.120 | 0.0738% |
FAQ
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