Inspired Entertainment Inc Stock Forecast
Red day on Monday for Inspired Entertainment Inc
(Updated on Apr 15, 2024)
No changes to the price of Inspired Entertainment Inc stock on the last trading day (Monday, 15th Apr 2024). During the last trading day the stock fluctuated 3.23% from a day low at £62.00 to a day high of £64.00. The price has been going up and down for this period, and there has been a 5.88% gain for the last 2 weeks.
The stock lies in the middle of a 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 -11.60% during the next 3 months and, with a 90% probability hold a price between £50.68 and £61.04 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
INSE.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 7.69%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Inspired Entertainment Inc 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 £66.81. On a fall, the stock will find some support from the short-term average at £62.43. 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. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Inspired Entertainment Inc stock
Inspired Entertainment Inc finds support from accumulated volume at £62.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £2.00 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INSE.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Inspired Entertainment Inc to open at £63.00, and during the day (based on 14 day Average True Range), to move between £60.70 and £65.30, which gives a possible trading interval of +/-£2.30 (+/-3.64%) up or down from last closing price. If Inspired Entertainment Inc takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £63.50 (0.79%) than the support at £62.50 (0.79%), 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 Inspired Entertainment Inc stock A Buy?
Inspired Entertainment Inc 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.
Current score: -1.546 Sell Candidate Unchanged
Predicted Opening Price for Inspired Entertainment Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £63.00 ( 0%) | £63.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INSE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.00 | 3.17 % | |
| R2 | 64.24 | 1.96 % | ||
| R1 | 63.76 | 1.21 % | ||
| Current price: | 63.00 | |||
| Support | S1 | 62.24 | -1.21 % | |
| S2 | 61.76 | -1.96 % | ||
| S3 | 61.00 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.00 | 11.11 % | |
| R2 | 65.50 | 3.97 % | ||
| R1 | 63.50 | 0.794 % | ||
| Current price | 63.00 | |||
| Support | S1 | 62.50 | -0.794% | |
| S2 | 59.50 | -5.56% | ||
| S3 | 58.50 | -7.14% |
INSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jul 26, 2024 | £1.50 | 2.42% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £1.40 | 1.31% |
| 3 | Sep 06, 2022 | Oct 13, 2022 | Dec 08, 2022 | £0.130 | 0.160% |
| 4 | Mar 30, 2022 | Jun 16, 2022 | Jul 26, 2022 | £0.130 | 0.106% |
| 5 | Sep 02, 2021 | Oct 14, 2021 | Dec 08, 2021 | £0.120 | 0.0738% |
FAQ
Click here for our free guide on how to buy Inspired Entertainment Inc Stock.
