Inspirato Incorporated Stock Forecast
Evaluation of Inspirato Incorporated stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Inspirato Incorporated stock price fell by -1.65% on the last day (Friday, 3rd May 2024) from $3.99 to $3.93. During the last trading day the stock fluctuated 0% from a day low at $3.93 to a day high of $3.93. The price has risen in 6 of the last 10 days and is up by 0.38% over the past 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $7.90 thousand.
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 -11.23% during the next 3 months and, with a 90% probability hold a price between $3.05 and $4.28 at the end of this 3-month period.
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ISPO Signals & Forecast
There are mixed signals in the stock today. The Inspirato Incorporated 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 $3.93. On a fall, the stock will find some support from the short-term average at $3.92. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Inspirato Incorporated gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 4.95%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Inspirato Incorporated stock
Inspirato Incorporated finds support from accumulated volume at $3.91 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.226%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ISPO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Inspirato Incorporated to open at $3.93, and during the day (based on 14 day Average True Range), to move between $3.84 and $4.01, which gives a possible trading interval of +/-$0.0897 (+/-2.29%) up or down from last closing price. If Inspirato Incorporated takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.91 (0.38%) than the resistance at $4.00 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Inspirato Incorporated will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$3.66. We will update the financials statements for Inspirato Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.78% in the first trading day after earnings release.
Is Inspirato Incorporated stock A Buy?
Inspirato Incorporated holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.006 Sell Candidate Downgraded
Predicted Opening Price for Inspirato Incorporated of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3.93 ( 0.00000000%) | $3.93 |
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 | 3.93 | 0.00000000 % | |
| R2 | 3.93 | 0.00000000 % | ||
| R1 | 3.93 | 0.00000000 % | ||
| Current price: | 3.93 | |||
| Support | S1 | 3.93 | 0.00000000 % | |
| S2 | 3.93 | 0.00000000 % | ||
| S3 | 3.93 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.90 | 24.84 % | |
| R2 | 4.46 | 13.63 % | ||
| R1 | 4.00 | 1.91 % | ||
| Current price | 3.93 | |||
| Support | S1 | 3.91 | -0.382% | |
| S2 | 3.84 | -2.17% | ||
| S3 | 3.74 | -4.71% |
FAQ
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