Inspirato Incorporated Stock Forecast

Is Inspirato Incorporated stock still a buy after falling -22.31% on Monday?
(Updated on Jun 17, 2024)

ISPOW Signals & Forecast

The Inspirato Incorporated 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 $0.0095 and $0.0086. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -22.31%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Monday, April 22, 2024 and based on theory for this formation the price should go up by 0.99% to $0.0102 within 6 trading days since signal was issued (Tuesday, June 18, 2024).

Support, Risk & Stop-loss for Inspirato Incorporated stock

Inspirato Incorporated finds support from accumulated volume at $0.0100 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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 21.21%.

Our recommended stop-loss: $0.0097 (-3.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (ISPOW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Inspirato Incorporated to open at $0.0101, and during the day (based on 14 day Average True Range), to move between $0.0079 and $0.0123, which gives a possible trading interval of +/-$0.0022 (+/-21.66%) up or down from last closing price. If Inspirato Incorporated takes out the full calculated possible swing range there will be an estimated 43.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0100 (0.99%) than the resistance at $0.0108 (6.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: 0.959 Hold/Accumulate Unchanged

Predicted Opening Price for Inspirato Incorporated of Tuesday, June 18, 2024

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