IRBT Technical Analysis - IROBOT CORP

Technical Rating and Analysis

Overall IRBT gets a technical rating of 5 out of 10. IRBT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

91% of all other stocks performed better in the past year than IRBT.

IRBT is one of the lesser performing stocks in the Household Durables industry. 72% of 63 stocks in the same industry do better.

IRBT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

IRBT has an average volume of 1449550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month IRBT has a been trading in the 3.26 - 4.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

IRBT has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.05

6.96

4 important support areas can be observed.

Support @3.62 from a trend line in the daily time frame.
Support @3.55 from a trend line in the weekly time frame.
Support @3.46 from a trend line in the daily time frame.
Support @3.08 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

Resistance @4.29 from a horizontal line in the weekly time frame.
Resistance @4.57 from a horizontal line in the daily time frame.
Resistance @6.89 from a trend line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for IRBT is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IRBT is up.
ChartMill Relative Strength	9.98	NEGATIVE	IRBT has a low relative strength, it was outperformed by 90.02% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IRBT is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of IRBT is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of IRBT is below a declining SMA(200).
Relative Strength Index/RSI (14)	56.35	NEUTRAL	The RSI value for IRBT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests IRBT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	73.98	NEUTRAL	The Stochastics value for IRBT is a neutral value.
Average True Range in percent/ATR (20)	8.47	HIGH VOLATILITY	The high ATR as a percentage value for IRBT suggests high volalility.
Average Directional Index/ADX (14)	19.76	NEGATIVE	The low ADX value for IRBT suggests a weak or negative trend.