OPUS GENETICS INC (IRD) Stock Technical Analysis
NASDAQ:IRD - Nasdaq - US67577R1023 - Common Stock - Currency: USD
Taking everything into account, IRD scores 6 out of 10 in our technical rating. In the last year, IRD was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, IRD is a bad performer in the overall market: 100% of all stocks are doing better.
IRD is one of the lesser performing stocks in the Biotechnology industry. 91% of 560 stocks in the same industry do better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month IRD has a been trading in the 0.90 - 1.15 range, which is quite wide. It is currently trading near the high of this range.
IRD has an average volume of 1281190 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.
IRD 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.
More info and screens
0.96
1.15
We found 3 important support areas.
- A support zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.99 to 1.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.97 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.14 to 1.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for IRD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRD is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | IRD has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IRD is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 66.86 | NEUTRAL | The RSI value for IRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IRD has a positive trend. |
| Stochastics (14,3) | 90.39 | OVERBOUGHT | The high Stochastics value suggests IRD may be overbought. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for IRD suggests high volalility. |
| Average Directional Index/ADX (14) | 44.27 | POSITIVE | The high ADX value value for IRD 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)
1.13
+0.01 (+0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.89%
1 Week13%
2 Weeks10.78%
1 Month14.04%
3 Month59.49%
6 Month-20.42%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.49%
ATR Inc-25.78%
Range Today0.05
ADR(20)0.06
ADR(20)%5.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.15
10 Day Low0.9
20 Day High1.15
20 Day Low0.9
52 Week HighN/A
52 Week LowN/A
CS1 End1.03
CR1 Start1.14
Volume & EV
DER(3)-0.56%
DER(5)1.11%
Volume190.80K
Volume Incr-58.54%
Vol(5)333.26K
Vol(50)1.28M