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Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE -0.11%
PRICE $141.08
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Inogen Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Buy candidate since 2018-04-03 Gain 10.67%

Inogen fell by -0.11% in the last day from $141.23 to $141.08 and has now fallen 4 days in a row. The price has risen in 7 of the last 10 days and is up by 10.22% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -37 884 shares and in total 65 575 shares bought and sold for approximately $9.25 million.

Shorts 4.82% ( 2018-03-29 )
Cash 435.5 mill
Loans n/a
Beta 1.02
ROA 8.09

Trend

Inogen lies in the upper part of a wide and strong rising trend in the short term, and this will 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 $144.07 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.99% during the next 3 months and, with 90% probability hold a price between $138.59 and $161.34 at the end of this period.

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Signals

Inogen holds buy signals from both short- and long-term moving averages. In addition, 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 $140.48 and $128.90. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday April 17, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 83 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $125.68 and $120.82. On the upside the stock meets some resistance just above today's level from accumulated volume at $141.23, $142.02 and $143.32.

There is 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, Inogen finds support just below today's level at $125.68. If this is broken, then the next support from accumulated volume will be at $120.82 and $118.33. The stock is about to test the resistance from accumulated volume at $141.23 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $125.68 Price: $141.08 Resistance: $141.23

Risk

This stock may move much during a 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 $3.74 between high and low, or 2.69%. For the last week, the stock has had a daily average volatility of 2.56%.

The stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that 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 stoploss: $134.64 (-4.56%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

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Evaluation

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 this stock to perform well in the short-term.

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