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 NSIT
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Weaker technical forecast for Insight Enterprises as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Insight Enterprises stock price fell by -0.338% on the last day (Thursday, 28th Mar 2024) from $186.15 to $185.52. During the last trading day the stock fluctuated 1.55% from a day low at $184.49 to a day high of $187.35. The price has been going up and down for this period, and there has been a 0.6% gain for the last 2 weeks. Volume has increased on the last day by 72 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 198 thousand shares were bought and sold for approximately $36.79 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.98% during the next 3 months and, with a 90% probability hold a price between $187.61 and $202.17 at the end of this 3-month period.

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NSIT Signals & Forecast

There are few to no technical positive signals at the moment. The Insight Enterprises 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 $185.98. On a fall, the stock will find some support from the short-term average at $184.77. 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. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -2.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Insight Enterprises stock

Insight Enterprises finds support from accumulated volume at $182.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.85 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.47%.

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

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

For the upcoming trading day on Monday, 1st we expect Insight Enterprises to open at $185.79, and during the day (based on 14 day Average True Range), to move between $181.95 and $189.09, which gives a possible trading interval of +/-$3.57 (+/-1.93%) up or down from last closing price. If Insight Enterprises takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $185.85 (0.18%) than the support at $182.74 (1.50%), 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 Insight Enterprises stock A Buy?

The Insight Enterprises stock holds several negative signals and despite the positive trend, we believe Insight Enterprises will perform weakly 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 analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.118 Sell Candidate Downgraded

Predicted Opening Price for Insight Enterprises of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$185.79 ( 0.144%) $185.52

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

Trading levels for NSIT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 188.64 1.68 %
R2 187.55 1.09 %
R1 186.88 0.731 %
Current price: 185.52
Support S1 184.70 -0.443 %
S2 184.02 -0.81 %
S3 182.94 -1.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 192.61 3.82 %
R2 185.94 0.226 %
R1 185.85 0.178 %
Current price 185.52
Support S1 182.74 -1.50%
S2 182.71 -1.51%
S3 182.66 -1.54%

FAQ

What is the symbol for Insight Enterprises Stock and on which exchange is it traded?
The symbol for Insight Enterprises is NSIT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Insight Enterprises Stock?
The Insight Enterprises stock holds several negative signals and despite the positive trend, we believe Insight Enterprises will perform weakly 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 analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

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

What's the current price of Insight Enterprises Stock?
As of the end of day on the 2024-03-28, the price of an Insight Enterprises (NSIT) share was $185.52.

What is the 52-week high and low for Insight Enterprises Stock?
The 52-week high for Insight Enterprises Stock is $194.53 and the 52-week low is $118.00.

What is the market capitalization of Insight Enterprises Stock?
As of the 2024-03-28, the market capitalization of Insight Enterprises is 6.046B.

When is the next earnings date for Insight Enterprises?
The upcoming earnings date for Insight Enterprises is May 07, 2024.
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About Insight Enterprises

Insight Enterprises IInsight Enterprises, Inc., together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services. It also offers cloud and data center... NSIT Profile

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