OPUS GENETICS INC (IRD) Stock Technical Analysis
NASDAQ:IRD • US67577R1023
Overall IRD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IRD is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, IRD did better than 98% of all other stocks. We also observe that the gains produced by IRD over the past year are nicely spread over this period.
- IRD is part of the Biotechnology industry. There are 521 other stocks in this industry. IRD outperforms 93% of them.
- IRD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IRD is lagging the market slightly.
- In the last month IRD has a been trading in the 2.21 - 3.96 range, which is quite wide. It is currently trading near the high of this range.
Although IRD has an excellent technical rating, the quality of the presented setup is not ideal 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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2.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.38 to 3.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.55 to 2.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.17 to 2.19. 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 | 98.24 | POSITIVE | IRD has a high relative strength, it outperformed 98.24% 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). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.78 | NEUTRAL | The RSI value for IRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.21 | NEUTRAL | The Stochastics value for IRD is a neutral value. |
| Average True Range in percent/ATR (20) | 8.04 | HIGH VOLATILITY | The high ATR as a percentage value for IRD suggests high volalility. |
| Average Directional Index/ADX (14) | 39.61 | POSITIVE | The high ADX value value for IRD suggests a strong trend. |
3.5
-0.14 (-3.85%)
OPUS GENETICS INC / IRD FAQ
Can you provide the ChartMill technical rating for OPUS GENETICS INC?
ChartMill assigns a technical rating of 10 / 10 to IRD.
Can you provide the trend direction for OPUS GENETICS INC?
The current trend direction for OPUS GENETICS INC (IRD) is Bullish.
What is the RSI signal for OPUS GENETICS INC (IRD) stock?
OPUS GENETICS INC (IRD) has an RSI value of 60.7778. This indicates that the stock is currently neutral.
What is the short term momentum for OPUS GENETICS INC (IRD) stock?
The short term momentum for OPUS GENETICS INC (IRD) is positive.
Can you provide the support and resistance levels for OPUS GENETICS INC?
OPUS GENETICS INC (IRD) has a support level at 3.38. Check the full technical report for our detailed analysis of IRD support and resistance levels.