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.
- In the last month IHRT has a been trading in the 3.01 - 4.28 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.
- When comparing the yearly performance of all stocks, we notice that IHRT is one of the better performing stocks in the market, outperforming 86% of all stocks.
- IHRT is one of the better performing stocks in the Media industry, it outperforms 86% of 93 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- IHRT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IHRT is lagging the market.
The technical rating of IHRT is bad and it also does not present a quality setup 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
2.53
When analyzing the support we can see 2 important areas.
- Support @3.10 from a horizontal line in the daily time frame.
- Support @2.56 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.53 to 3.57. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for IHRT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IHRT is down. |
| ChartMill Relative Strength | 86.95 | POSITIVE | IHRT has a high relative strength, it outperformed 86.95% 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 | POSITIVE | The current price of IHRT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.28 | NEUTRAL | The RSI value for IHRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests IHRT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.23 | OVERSOLD | The low Stochastics value suggests IHRT may be oversold. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for IHRT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.86 | NEUTRAL | The ADX value for IHRT suggests a possible start of a new trend. |
3.24
+0.13 (+4.18%)
IHEARTMEDIA INC - CLASS A / IHRT 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 33.2833. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for IHEARTMEDIA INC - CLASS A?
IHEARTMEDIA INC - CLASS A (IHRT) has a support level at 3.1 and a resistance level at 3.53. Check the full technical report for our detailed analysis of IHRT support and resistance levels.