Overall IRDM gets a technical rating of 5 out of 10. In the past year, IRDM 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.
- When comparing the yearly performance of all stocks, IRDM is a bad performer in the overall market: 73% of all stocks are doing better.
- IRDM is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 61% of 37 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month IRDM has a been trading in the 16.96 - 22.18 range, which is quite wide. It is currently trading near the high of this range.
- IRDM has an average volume of 2379900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- IRDM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IRDM is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
IRDM has an average technical rating and it also does not offer a high 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.
More info and screens
17.26
When analyzing the support we can see 3 important areas.
- Support @19.56 from a trend line in the daily time frame.
- A support zone ranging from 18.82 to 19.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.43 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.78 to 21.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.48 from a horizontal line in the weekly 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 IRDM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRDM is up. |
| ChartMill Relative Strength | 27.31 | NEGATIVE | IRDM has a low relative strength, it was outperformed by 72.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRDM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IRDM is above the rising 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) | 75.67 | OVERBOUGHT | The high RSI value suggests IRDM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests IRDM has a positive trend. |
| Stochastics (14,3) | 89.6 | OVERBOUGHT | The high Stochastics value suggests IRDM may be overbought. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for IRDM suggests some volalility. |
| Average Directional Index/ADX (14) | 30.89 | POSITIVE | The high ADX value value for IRDM suggests a strong trend. |
21.77
-0.02 (-0.09%)
IRIDIUM COMMUNICATIONS INC / IRDM FAQ
What is the technical rating for IRDM stock?
ChartMill assigns a technical rating of 5 / 10 to IRDM.
What is the trend direction for IRDM stock?
The current trend direction for IRIDIUM COMMUNICATIONS INC (IRDM) is Bearish.
What is the RSI signal for IRDM stock?
IRIDIUM COMMUNICATIONS INC (IRDM) has an RSI value of 75.6687. This indicates that the stock is currently overbought.
Can you provide the MACD signal for IRIDIUM COMMUNICATIONS INC?
The MACD indicator for IRIDIUM COMMUNICATIONS INC (IRDM) has a value of 0.284549, indicating a bearish trend.
What is the support and resistance level for IRDM stock?
IRIDIUM COMMUNICATIONS INC (IRDM) has a support level at 19.56 and a resistance level at 21.78. Check the full technical report for our detailed analysis of IRDM support and resistance levels.