We assign a technical rating of 9 out of 10 to IDR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IDR is showing a nice and steady performance.
IDR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 33.33, a Stop Loss order could be placed below this zone.
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31.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 32.86 to 33.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.38 to 31.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @37.28 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IDR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IDR is up. |
| ChartMill Relative Strength | 97.52 | POSITIVE | IDR has a high relative strength, it outperformed 97.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IDR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IDR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IDR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.48 | NEUTRAL | The RSI value for IDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests IDR has a positive trend. |
| Stochastics (14,3) | 84.77 | OVERBOUGHT | The high Stochastics value suggests IDR may be overbought. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for IDR suggests high volalility. |
| Average Directional Index/ADX (14) | 20.07 | NEUTRAL | The ADX value for IDR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.29 | 32.85 | 4.44 (11.91%) | 8.40% |
| An entry @37.29. This is a Buy Stop order right above the resistance zone. | An exit @32.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.44 points, which is 11.91%. | When investing 8.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of IDR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
36.68
-0.59 (-1.58%)
IDAHO STRATEGIC RESOURCES IN / IDR FAQ
What is the technical rating for IDR stock?
ChartMill assigns a technical rating of 9 / 10 to IDR.
What is the trend direction for IDR stock?
The current trend direction for IDAHO STRATEGIC RESOURCES IN (IDR) is Bullish.
What is the RSI signal for IDR stock?
IDAHO STRATEGIC RESOURCES IN (IDR) has an RSI value of 55.4771. This indicates that the stock is currently neutral.
What is the short term momentum for IDAHO STRATEGIC RESOURCES IN (IDR) stock?
The short term momentum for IDAHO STRATEGIC RESOURCES IN (IDR) is positive.
Can you provide the support and resistance levels for IDAHO STRATEGIC RESOURCES IN?
IDAHO STRATEGIC RESOURCES IN (IDR) has a support level at 33.33 and a resistance level at 37.28. Check the full technical report for our detailed analysis of IDR support and resistance levels.