IHEARTMEDIA INC - CLASS A (IHRT) Stock Technical Analysis
NASDAQ:IHRT - Nasdaq - US45174J5092 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to IHRT. Although IHRT has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
IHRT is part of the Media industry. There are 97 other stocks in this industry. IHRT outperforms 88% of them.
In the last month IHRT has a been trading in the 1.17 - 1.86 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that IHRT is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
Although IHRT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.99
2.42
We found 2 important support areas.
- Support @1.39 from a trend line in the daily time frame.
- Support @1.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.70 from a horizontal line in the weekly time frame.
- Resistance @1.77 from a trend line in the daily time frame.
- A resistance zone ranging from 1.81 to 1.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.40 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for IHRT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IHRT is up. |
| ChartMill Relative Strength | 91.06 | POSITIVE | IHRT has a high relative strength, it outperformed 91.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IHRT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IHRT is above the rising 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) | 64.15 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 71.01 | NEUTRAL | The Stochastics value for IHRT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.54 | HIGH VOLATILITY | The high ATR as a percentage value for IHRT suggests high volalility. |
| Average Directional Index/ADX (14) | 45.56 | POSITIVE | The high ADX value value for IHRT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.69
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0%
1 Week-6.11%
2 Weeks23.36%
1 Month32.03%
3 Month-3.98%
6 Month-10.11%
12 Month69%
2 Year-53.57%
3 Year-78.58%
5 Year-79.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%7.54%
ATR Inc-20.81%
Range Today0.08
ADR(20)0.13
ADR(20)%7.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.06
Mansfield-0.52
10 Day High1.86
10 Day Low1.36
20 Day High1.86
20 Day Low1.17
52 Week High2.84
52 Week Low0.95
CS1 End1.39
CR1 Start1.7
Volume & EV
DER(3)-3.63%
DER(5)-6.34%
Volume733.80K
Volume Incr5.01%
Vol(5)779.47K
Vol(50)722.32K