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.
AI Analysis of INSE
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Stronger technical forecast for Inspired Entertainment Inc stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Inspired Entertainment Inc stock price gained 0.92% on the last trading day (Thursday, 28th Mar 2024), rising from $9.77 to $9.86. During the last trading day the stock fluctuated 4.64% from a day low at $9.69 to a day high of $10.14. The price has risen in 5 of the last 10 days and is up by 8.59% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 78 thousand shares were bought and sold for approximately $767.67 thousand. 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.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Inspired Entertainment Inc stock with a 90% probability to be traded between $8.36 and $10.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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INSE Signals & Forecast

The Inspired Entertainment Inc 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 $9.50 and $9.42. 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 Tuesday, February 27, 2024, and so far it has fallen -6.36%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Inspired Entertainment Inc stock

Inspired Entertainment Inc finds support from accumulated volume at $9.57 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.450 between high and low, or 4.64%. For the last week the stock has had daily average volatility of 3.64%.

Our recommended stop-loss: $9.53 (-3.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (INSE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Inspired Entertainment Inc to open at $9.90, and during the day (based on 14 day Average True Range), to move between $9.49 and $10.23, which gives a possible trading interval of +/-$0.373 (+/-3.78%) up or down from last closing price. If Inspired Entertainment Inc takes out the full calculated possible swing range there will be an estimated 7.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.98 (1.22%) than the support at $9.57 (2.94%), 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?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Inspired Entertainment Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.502 Buy Candidate Upgraded

Predicted Opening Price for Inspired Entertainment Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$9.90 ( 0.372%) $9.86

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

Trading levels for INSE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.35 4.93 %
R2 10.17 3.19 %
R1 10.07 2.11 %
Current price: 9.86
Support S1 9.72 -1.37 %
S2 9.62 -2.45 %
S3 9.45 -4.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.53 6.80 %
R2 10.36 5.07 %
R1 9.98 1.22 %
Current price 9.86
Support S1 9.57 -2.94%
S2 9.15 -7.20%
S3 9.10 -7.71%

FAQ

What is the symbol for Inspired Entertainment Inc Stock and on which exchange is it traded?
The symbol for Inspired Entertainment Inc is INSE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Inspired Entertainment Inc Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Inspired Entertainment Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Inspired Entertainment Inc Stock?
As of the end of day on the 2024-03-28, the price of an Inspired Entertainment Inc (INSE) share was $9.86.

What is the 52-week high and low for Inspired Entertainment Inc Stock?
The 52-week high for Inspired Entertainment Inc Stock is $16.00 and the 52-week low is $6.12.

What is the market capitalization of Inspired Entertainment Inc Stock?
As of the 2024-03-28, the market capitalization of Inspired Entertainment Inc is 258.519M.

When is the next earnings date for Inspired Entertainment Inc?
The upcoming earnings date for Inspired Entertainment Inc is Apr 01, 2024.
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About Inspired Entertainment Inc

Inspired Entertainment Inspired Entertainment, Inc., a business-to-business gaming technology company, supplies content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. The company operates through four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of... INSE Profile

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