IHEARTMEDIA INC - CLASS A (IHRT) Technical Analysis
NASDAQ:IHRT • US45174J5092
Current stock price
IHRT Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to IHRT. Although IHRT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- IHRT is part of the Media industry. There are 91 other stocks in this industry. IHRT outperforms 87% of them.
- When comparing the yearly performance of all stocks, we notice that IHRT is one of the better performing stocks in the market, outperforming 81% of all stocks. However, IHRT's most recent performance is quite weak.
- IHRT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IHRT is lagging the market slightly.
- In the last month IHRT has a been trading in the 2.45 - 3.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IHRT Weekly and Daily overview Charts
IHRT Setup Rating and Analysis
Although the technical rating is bad, IHRT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for IHRT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
IHRT Support and Resistance Analysis
2.46
We found 2 important support areas.
- Support @2.52 from a trend line in the daily time frame.
- A support zone ranging from 2.48 to 2.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.81 to 2.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.87 to 2.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.98 from a trend line in the daily time frame.
IHRT Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for IHRT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IHRT is down. |
| ChartMill Relative Strength | 81.21 | POSITIVE | IHRT has a high relative strength, it outperformed 81.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IHRT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IHRT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IHRT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.56 | NEUTRAL | The RSI value for IHRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IHRT has a positive trend. |
| Stochastics (14,3) | 44.81 | NEUTRAL | The Stochastics value for IHRT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.46 | HIGH VOLATILITY | The high ATR as a percentage value for IHRT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.97 | POSITIVE | The high ADX value value for IHRT suggests a strong trend. |
IHRT Chart- and CandleStick Pattern Analysis
IHRT Technicals: Chart, Performance Metrics, Trend & Indicators
2.8
-0.04 (-1.41%)
IHEARTMEDIA INC - CLASS A / IHRT TA FAQ
What is the ChartMill technical rating of IHEARTMEDIA INC - CLASS A (IHRT) stock?
ChartMill assigns a technical rating of 3 / 10 to IHRT.
Can you provide the trend direction for IHEARTMEDIA INC - CLASS A?
The current trend direction for IHEARTMEDIA INC - CLASS A (IHRT) is Bearish.
What is the RSI signal for IHRT stock?
IHEARTMEDIA INC - CLASS A (IHRT) has an RSI value of 44.5638. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for IHEARTMEDIA INC - CLASS A?
The buy/sell signal for IHEARTMEDIA INC - CLASS A (IHRT) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for IHEARTMEDIA INC - CLASS A (IHRT) stock?
IHEARTMEDIA INC - CLASS A (IHRT) has a support level at 2.52 and a resistance level at 2.81. Check the full technical report for our detailed analysis of IHRT support and resistance levels.