IRBT Technical Analysis - IROBOT CORP

Technical Rating and Analysis

Taking everything into account, IRBT scores 3 out of 10 in our technical rating. In the past year, IRBT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, IRBT is a bad performer in the overall market: 84% of all stocks are doing better.

IRBT is one of the lesser performing stocks in the Household Durables industry. 74% 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.

In the last month IRBT has a been trading in the 3.04 - 4.00 range, which is quite wide. It is currently trading near the high of this range.

IRBT has an average volume of 1826710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

The technical rating of IRBT is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.05

7.24

When analyzing the support we can see 3 important areas.

A support zone ranging from 3.40 to 3.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @3.23 from a trend line in the daily time frame.
Support @3.08 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @7.17 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for IRBT is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for IRBT is neutral.
ChartMill Relative Strength	16.18	NEGATIVE	IRBT has a low relative strength, it was outperformed by 83.82% 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)	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)	58.61	NEUTRAL	The RSI value for IRBT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests IRBT has a positive trend.
Stochastics (14,3)	67.7	NEUTRAL	The Stochastics value for IRBT is a neutral value.
Average True Range in percent/ATR (20)	5.97	HIGH VOLATILITY	The high ATR as a percentage value for IRBT suggests high volalility.
Average Directional Index/ADX (14)	13.09	NEGATIVE	The low ADX value for IRBT suggests a weak or negative trend.