Inspirato Incorporated Stock Forecast
Inspirato Incorporated stock price up 0.88% on Wednesday
(Updated on Apr 24, 2024)
The Inspirato Incorporated stock price gained 0.88% on the last trading day (Wednesday, 24th Apr 2024), rising from $3.96 to $4.00. It has now gained 3 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 1.65% from a day low at $3.93 to a day high of $4.00. The price has risen in 6 of the last 10 days and is up by 0.63% over the past 2 weeks. Volume fell on the last day by -762 shares and in total, 1 thousand shares were bought and sold for approximately $4.42 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.49% during the next 3 months and, with a 90% probability hold a price between $3.31 and $4.63 at the end of this 3-month period.
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ISPO Signals & Forecast
The Inspirato Incorporated 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 $3.94 and $3.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 6.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Inspirato Incorporated stock
Inspirato Incorporated finds support from accumulated volume at $3.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0650 between high and low, or 1.65%. For the last week the stock has had daily average volatility of 1.87%
Our recommended stop-loss: $3.80 (-4.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (ISPO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Inspirato Incorporated to open at $3.97, and during the day (based on 14 day Average True Range), to move between $3.89 and $4.10, which gives a possible trading interval of +/-$0.109 (+/-2.74%) up or down from last closing price. If Inspirato Incorporated takes out the full calculated possible swing range there will be an estimated 5.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.00 (0.12%) than the support at $3.97 (0.63%), 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 Inspirato Incorporated stock A Buy?
Inspirato Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.105 Hold/Accumulate Unchanged
Predicted Opening Price for Inspirato Incorporated of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $3.97 ( 0.542%) | $4.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISPO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.04 | 1.08 % | |
| R2 | 4.01 | 0.463 % | ||
| R1 | 4.00 | 0.0792 % | ||
| Current price: | 4.00 | |||
| Support | S1 | 3.95 | -1.16 % | |
| S2 | 3.93 | -1.55 % | ||
| S3 | 3.91 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.90 | 22.65 % | |
| R2 | 4.46 | 11.64 % | ||
| R1 | 4.00 | 0.123 % | ||
| Current price | 4.00 | |||
| Support | S1 | 3.97 | -0.626% | |
| S2 | 3.91 | -2.13% | ||
| S3 | 3.90 | -2.38% |
FAQ
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