(INSP) Long Term Investment Analysis

November 23, 2024, 21:04 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for INSP

• Buy INSP near 184.97 target 224.58 stop loss @ 184.44 Details

The technical summary data tells us to buy INSP near 184.97 with an upside target of 224.58. This data also tells us to set a stop loss @ 184.44 to protect against excessive loss in case the stock begins to move against the trade. 184.97 is the first level of support below 188.73 , and by rule, any test of support is a buy signal. In this case, support 184.97 is being tested, a buy signal would exist.

• Short INSP slightly under 224.58, target 184.97, stop loss @ 225.23 Details

The technical summary data is suggesting a short of INSP as it gets near 224.58 with a downside target of 184.97. We should have a stop loss in place at 225.23though. 224.58 is the first level of resistance above 188.73, and by rule, any test of resistance is a short signal. In this case, if resistance 224.58 is being tested, a short signal would exist.

Swing Trading Plans for INSP

• Buy INSP slightly over 224.58, target n/a, Stop Loss @ 223.93 Details

If 224.58 begins to break higher, the technical summary data tells us to buy INSP just slightly over 224.58, with an upside target of n/a. The data also tells us to set a stop loss @ 223.93 in case the stock turns against the trade. 224.58 is the first level of resistance above 188.73, and by rule, any break above resistance is a buy signal. In this case, 224.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short INSP slightly near 224.58, target 184.97, Stop Loss @ 225.23. Details

The technical summary data is suggesting a short of INSP if it tests 224.58 with a downside target of 184.97. We should have a stop loss in place at 225.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 224.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for INSP

• Buy INSP slightly over 190, target 224.58, Stop Loss @ 189.56 Details

If 190 begins to break higher, the technical summary data tells us to buy INSP just slightly over 190, with an upside target of 224.58. The data also tells us to set a stop loss @ 189.56 in case the stock turns against the trade. 190 is the first level of resistance above 188.73, and by rule, any break above resistance is a buy signal. In this case, 190, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short INSP slightly near 190, target 185.24, Stop Loss @ 190.44. Details

The technical summary data is suggesting a short of INSP if it tests 190 with a downside target of 185.24. We should have a stop loss in place at 190.44 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 190, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Inspire Medical Systems Inc. (INSP) available here: INSP.

INSP Ratings for November 23:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	147.84
P2	185.24	165.77	184.97
P3	190	181.3	224.58

AI Generated Signals for INSP

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Technically, Inspire Medical Systems Inc. (NASDAQ: INSP) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for INSP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if INSP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for INSP too.  All of these are offered below the Summary Table.