IRIDIUM COMMUNICATIONS INC (IRDM) Stock Technical Analysis
USA - NASDAQ:IRDM - US46269C1027 - Common Stock
18.08 USD
-0.67 (-3.57%)
18.22 USD
+0.14 (+0.77%)
Taking everything into account, IRDM scores 0 out of 10 in our technical rating. IRDM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, IRDM is a bad performer in the overall market: 96% of all stocks are doing better.
IRDM is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 88% of 35 stocks in the same industry do better.
IRDM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
IRDM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
IRDM has an average volume of 2606890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of IRDM is bad and it also does not present a 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
17.90
32.99
5 important resistance areas can be observed.
- A resistance zone ranging from 18.63 to 18.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.76 from a trend line in the daily time frame.
- A resistance zone ranging from 24.74 to 25.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.07 to 31.48. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @32.66 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 | DOWN | NEGATIVE | The long term trend for IRDM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IRDM is down. |
| ChartMill Relative Strength | 4.83 | NEGATIVE | IRDM has a low relative strength, it was outperformed by 95.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IRDM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IRDM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IRDM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.71 | OVERSOLD | The low RSI value suggests IRDM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests IRDM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.94 | OVERSOLD | The low Stochastics value suggests IRDM may be oversold. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for IRDM suggests high volalility. |
| Average Directional Index/ADX (14) | 44.1 | POSITIVE | The high ADX value value for IRDM 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)
18.08
-0.67 (-3.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-3.57%
1 Week1.63%
2 Weeks-28.03%
1 Month-25.1%
3 Month-36.41%
6 Month-34.61%
12 Month-38.12%
2 Year-60.25%
3 Year-59.25%
5 Year-29.32%
10 Year193.98%
15 Year111.71%
Volatility
ATR(14)1.14
ATR(20)%5.57%
ATR Inc-37.5%
Range Today0.8
ADR(20)0.98
ADR(20)%5.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.83
Mansfield-4.17
10 Day High24.9
10 Day Low17.08
20 Day High25.41
20 Day Low17.08
52 Week High35.85
52 Week Low17.08
CS1 EndN/A
CR1 Start18.63
Volume & EV
DER(3)2.08%
DER(5)0.74%
Volume7.04M
Volume Incr23.47%
Vol(5)3.75M
Vol(50)2.61M