IHRT Technical Analysis - IHEARTMEDIA INC - CLASS A

Technical Rating and Analysis

Taking everything into account, IHRT scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month IHRT has a been trading in the 2.50 - 3.25 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

IHRT is part of the Media industry. There are 95 other stocks in this industry. IHRT outperforms 95% of them.

IHRT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IHRT is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that IHRT is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

IHEARTMEDIA INC - CLASS A / IHRT Weekly stock chart

IHEARTMEDIA INC - CLASS A / IHRT Daily stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, IHRT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.96

3.07

When analyzing the support we can see 3 important areas.

Support @2.68 from a trend line in the daily time frame.
A support zone ranging from 2.58 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 1.98 to 1.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 3.00 to 3.04. This zone is formed by a combination of multiple trend lines in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for IHRT is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for IHRT is neutral.
ChartMill Relative Strength	90.41	POSITIVE	IHRT has a high relative strength, it outperformed 90.41% 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)	UP	POSITIVE	The current price of IHRT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of IHRT is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.24	NEUTRAL	The RSI value for IHRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests IHRT has a negative trend.
Stochastics (14,3)	32.66	NEUTRAL	The Stochastics value for IHRT is a neutral value.
Average True Range in percent/ATR (20)	7.87	HIGH VOLATILITY	The high ATR as a percentage value for IHRT suggests high volalility.
Average Directional Index/ADX (14)	24.11	NEUTRAL	The ADX value for IHRT suggests a possible start of a new trend.