ASSURE HOLDINGS CORP (IONM) Stock Technical Analysis
NASDAQ:IONM - Nasdaq - US04625J3032 - Common Stock - Currency: USD
Taking everything into account, IONM scores 0 out of 10 in our technical rating. IONM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than IONM.
IONM is one of the lesser performing stocks in the Health Care Providers & Services industry. 92% of 102 stocks in the same industry do better.
IONM is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so IONM is lagging the market.
In the last month IONM has a been trading in the 2.25 - 11.52 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.
IONM has an average volume of 4566800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of IONM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.41
4.36
We can see 2 important resistance areas.
- Resistance @3.63 from a trend line in the daily time frame.
- Resistance @4.32 from a trend 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 | DOWN | NEGATIVE | The long term trend for IONM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IONM is down. |
| ChartMill Relative Strength | 0.68 | NEGATIVE | IONM has a low relative strength, it was outperformed by 99.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IONM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IONM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IONM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.64 | NEUTRAL | The RSI value for IONM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests IONM has a negative trend. |
| Stochastics (14,3) | 3.33 | OVERSOLD | The low Stochastics value suggests IONM may be oversold. |
| Average True Range in percent/ATR (20) | 48.37 | HIGH VOLATILITY | The high ATR as a percentage value for IONM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.65 | NEGATIVE | The low ADX value for IONM suggests a weak or negative 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)
2.43
-0.32 (-11.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-11.64%
1 Week-45.15%
2 Weeks-52.82%
1 Month-43.04%
3 Month-80.6%
6 Month-38.64%
12 Month-82%
2 Year-99.34%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%48.37%
ATR Inc7.45%
Range Today1.25
ADR(20)0.97
ADR(20)%40.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.68
Mansfield-6.66
10 Day High4.9
10 Day Low2.25
20 Day High11.52
20 Day Low2.25
52 Week High17.64
52 Week Low2.25
CS1 EndN/A
CR1 Start3.63
Volume & EV
DER(3)-5.92%
DER(5)-2.55%
Volume343.50K
Volume Incr-98.7%
Vol(5)137.64K
Vol(50)4.57M