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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.
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Insulet Corporation stock price up 1.64% on Friday
(Updated on Dec 01, 2023)

Buy or Hold candidate since Nov 07, 2023 Gain 18.73% PDF
The Insulet Corporation stock price gained 1.64% on the last trading day (Friday, 1st Dec 2023), rising from $189.09 to $192.19. 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 3.57% from a day low at $185.87 to a day high of $192.50. The price has risen in 7 of the last 10 days and is up by 9.97% over the past 2 weeks. Volume fell on the last day by -309 thousand shares and in total, 853 thousand shares were bought and sold for approximately $163.90 million. 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.

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The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $199.29 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.10% during the next 3 months and, with a 90% probability hold a price between $135.21 and $205.46 at the end of this 3-month period.

PODD Signals & Forecast

Mostly positive signals in the chart today. The Insulet Corporation 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 $188.27 and $159.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, October 12, 2023, and so far it has risen 50.42%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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Support, Risk & Stop-loss for Insulet Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $178.53 and $163.71. 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, Insulet Corporation finds support just below today's level at $178.53. If this is broken, then the next support from accumulated volume will be at $163.71 and $145.51.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $6.63 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 3.10%.

The Insulet Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $187.12 (-2.64%) (This stock has high daily movements and this gives high risk. The RSI14 is 93 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (PODD) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Insulet Corporation to open at $190.19, and during the day (based on 14 day Average True Range), to move between $185.11 and $199.27, which gives a possible trading interval of +/-$7.08 (+/-3.68%) up or down from last closing price. If Insulet Corporation takes out the full calculated possible swing range there will be an estimated 7.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $193.40 (0.63%) than the support at $178.53 (7.11%), 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 Insulet Corporation 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 Insulet Corporation stock to perform well in the short-term.

Current score: 2.997 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Insulet Corporation of Monday, December 4, 2023

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

Fair opening price December 4, 2023 Current price
$190.19 $192.19 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 196.82 2.41 %
R2 194.28 1.09 %
R1 192.72 0.275 %
Current price: 192.19
Support S1 187.65 -2.36 %
S2 186.09 -3.17 %
S3 183.56 -4.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 193.40 0.630 %
Current price 192.19
Support S1 178.53 -7.11%
S2 163.71 -14.82%
S3 145.51 -24.29%
What is the symbol for Insulet Corporation Stock and on which exchange is it traded?
The symbol for Insulet Corporation is PODD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Insulet Corporation Stock?
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 Insulet Corporation stock to perform well in the short-term.

How to buy Insulet Corporation Stock?
Insulet Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Insulet Corporation Stock.

What's the current price of Insulet Corporation Stock?
As of the end of day on the 2023-12-01, the price of an Insulet Corporation (PODD) share was $192.19.

What is the 52-week high and low for Insulet Corporation Stock?
The 52-week high for Insulet Corporation Stock is $335.91 and the 52-week low is $125.82.

What is the market capitalization of Insulet Corporation Stock?
As of the 2023-12-01, the market capitalization of Insulet Corporation is 13.204B.

When is the next earnings date for Insulet Corporation?
The upcoming earnings date for Insulet Corporation is 2024-02-22 00:00:00.

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About Insulet Corporation

Insulet Insulet Corporation develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes. It offers Omnipod System, a self-adhesive disposable tubeless Omnipod device that is worn on the body for up to three days at a time, as well as its wireless companion, the handheld personal diabetes manager. The company sells its products primarily through independent distributors and pharmacy channels, as well as directly i... PODD Profile

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