Learn to Evaluate (INSP) using the Charts
June 22, 2024, 13:34 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INSP
- Buy INSP slightly over 113.74 target 166.12 stop loss @ 113.41 Details
The technical summary data tells us to buy INSP near 113.74 with an upside target of 166.12. This data also tells us to set a stop loss @ 113.41 to protect against excessive loss in case the stock begins to move against the trade. 113.74 is the first level of support below 162.46 , and by rule, any test of support is a buy signal. In this case, support 113.74 would be being tested, so a buy signal would exist.
- Short INSP slightly under 166.12, target 113.74, stop loss @ 166.6 Details
The technical summary data is suggesting a short of INSP as it gets near 166.12 with a downside target of 113.74. We should have a stop loss in place at 166.6though. 166.12 is the first level of resistance above 162.46, and by rule, any test of resistance is a short signal. In this case, if resistance 166.12 is being tested, so a short signal would exist.
Swing Trading Plans for INSP
- Buy INSP slightly over 166.12, target 175.4, Stop Loss @ 165.64 Details
If 166.12 begins to break higher, the technical summary data tells us to buy INSP just slightly over 166.12, with an upside target of 175.4. The data also tells us to set a stop loss @ 165.64 in case the stock turns against the trade. 166.12 is the first level of resistance above 162.46, and by rule, any break above resistance is a buy signal. In this case, 166.12, 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 166.12, target 113.74, Stop Loss @ 166.6. Details
The technical summary data is suggesting a short of INSP if it tests 166.12 with a downside target of 113.74. We should have a stop loss in place at 166.6 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, 166.12, 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 162.53, target 166.12, Stop Loss @ 162.15 Details
If 162.53 begins to break higher, the technical summary data tells us to buy INSP just slightly over 162.53, with an upside target of 166.12. The data also tells us to set a stop loss @ 162.15 in case the stock turns against the trade. 162.53 is the first level of resistance above 162.46, and by rule, any break above resistance is a buy signal. In this case, 162.53, 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 162.53, target 113.74, Stop Loss @ 162.91. Details
The technical summary data is suggesting a short of INSP if it tests 162.53 with a downside target of 113.74. We should have a stop loss in place at 162.91 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, 162.53, 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 June 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
113.74 |
| P2 |
162.53 |
166 |
166.12 |
| P3 |
166.79 |
175.4 |
219.86 |
AI Generated Signals for INSP
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Inspire Medical Systems Inc. (NASDAQ: INSP) report below can help you understand how to do this. The trading plans for INSP, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for INSP:
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