Stronger Sell Today INSE ranks #4964 as SELL CANDIDATE #4964 Weaker Sell

INSE stock forecast Inspired Entertainment Inc

INSE stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

INSE Forecast and Technical Stock Analysis

Sell candidate since 2019-07-18

Inspired Entertainment Inc fell by -3.99% in the last day ( Thursday, 18th Jul 2019 ) from $8.53 to $8.19 During day the stock fluctuated 16.69% from a day low at $8.13 to a day high of $9.49. The price has fallen in 5 of the last 10 days and is down by -6.4% for this period. Volume has increased in the last day by 6 314 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 16 832 shares bought and sold for approximately $137 854.00.

Quick summary:

  • 30 day high of the INSE stock price was $9.49 and low was $8.13.
  • 90 day high was $9.70 and low was $6.51.
  • 52 week high for the Inspired Entertainment Inc - $9.70 and low - $3.86.
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Trend

Inspired Entertainment Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $7.91 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15% during the next 3 months and, with 90% probability hold a price between $9.09 and $11.26 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Inspired Entertainment Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $8.61 and $8.40. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday July 08, 2019, which indicates further falls until a new bottom pivot has been found. Inspired Entertainment Inc 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-off's".

A sell signal from a double bottom formation was found on Monday July 08, 2019 with a target of $8.76. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 44 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Inspired Entertainment Inc finds support from accumulated volume at $7.81.

Support: $7.81 Price: $8.19 Resistance: $8.44

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.36 (16.69%) between high and low. For the last week, the stock has had a daily average volatility of 6.62%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

6.62 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

The Inspired Entertainment Inc stock holds several negative signals and despite the positive trend we believe Inspired Entertainment Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Stronger Sell Today INSE ranks #4964 as SELL CANDIDATE #4964 Weaker Sell

Will INSE stock price go up or down on Mon, 22 Jul 2019?

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