IROBOT CORP (IRBT) Stock Technical Analysis
NASDAQ:IRBT - Nasdaq - US4627261005 - Common Stock - Currency: USD
Taking everything into account, IRBT scores 6 out of 10 in our technical rating. In the past year, IRBT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
IRBT is part of the Household Durables industry. There are 63 other stocks in this industry. IRBT outperforms 77% of them.
IRBT has an average volume of 3003270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IRBT outperforms 54% of them, which is more or less in line with the market.
In the last month IRBT has a been trading in the 3.05 - 5.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IRBT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.55
10.51
2 important support areas can be observed.
- A support zone ranging from 4.29 to 4.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.59 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @4.88 from a horizontal line in the weekly time frame.
- Resistance @5.01 from a trend line in the daily time frame.
- Resistance @7.80 from a trend line in the weekly time frame.
- Resistance @10.41 from a horizontal 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 | 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 | 54.99 | NEUTRAL | IRBT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of IRBT is above the rising 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) | 52.12 | NEUTRAL | The RSI value for IRBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IRBT has a negative trend. |
| Stochastics (14,3) | 55.17 | NEUTRAL | The Stochastics value for IRBT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.51 | HIGH VOLATILITY | The high ATR as a percentage value for IRBT suggests high volalility. |
| Average Directional Index/ADX (14) | 44.06 | POSITIVE | The high ADX value value for IRBT 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.89 | 4.28 | 0.61 (12.47%) | 8.02% |
| An entry @4.89. This is a Buy Stop order right above the resistance zone. | An exit @4.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.61 points, which is 12.47%. | When investing 8.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of IRBT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.335
-0.5 (-10.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-10.25%
1 Week-3.88%
2 Weeks-3.88%
1 Month38.5%
3 Month72.02%
6 Month-43.63%
12 Month-57.42%
2 Year-89.16%
3 Year-90.58%
5 Year-94.04%
10 Year-85.92%
15 Year-78.71%
Volatility
ATR(14)0.57
ATR(20)%11.51%
ATR Inc-9.74%
Range Today0.59
ADR(20)0.49
ADR(20)%11.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.99
Mansfield-3.43
10 Day High5.52
10 Day Low4.28
20 Day High5.52
20 Day Low3.05
52 Week High13.06
52 Week Low1.76
CS1 End4.33
CR1 Start4.88
Volume & EV
DER(3)-4.81%
DER(5)-3.64%
Volume1.63M
Volume Incr-1.71%
Vol(5)2.59M
Vol(50)3.00M