Inseego Corp Forecast and Stock Analysis
Technical INSG stock analysis for February 15, 2019.
Inseego Corp gained 5.32% in the last trading day, rising from $4.70 to $4.95 The price has fallen in 6 of the last 10 days and is down by -3.7% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 119 579 more shares were traded than the day before. In total, 535 827 shares bought and sold for approximately $2.65 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the INSG stock was $4.95. This is 5.32% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 5.73% from a day low at $4.71 to a day high of $4.98.
30 day high of the INSG stock price was $6.00 and low was $4.58.
90 day high was $6.00 and low was $3.48.
52 week high for the Inseego Corp - $6.00 and low - $1.64.
Inseego Corp lies in the lower part of a very 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 $4.73 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 43.4% during the next 3 months and, with 90% probability hold a price between $6.79 and $9.41 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Inseego Corp holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $5.00. On a fall, the stock will find some support from the short-term average at $4.85. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Inseego Corp finds support from accumulated volume at $4.93.
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 $0.27 between high and low, or 5.73%. For the last week, the stock has had a daily average volatility of 4.71%.
Our recommended stoploss: $4.72 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Inseego Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.