IRDM Technical Analysis - IRIDIUM COMMUNICATIONS INC

Technical Rating and Analysis

Taking everything into account, IRDM scores 1 out of 10 in our technical rating. IRDM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

96% of all other stocks performed better in the past year than IRDM.

IRDM is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 91% of 36 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 has an average volume of 2694800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month IRDM has a been trading in the 17.09 - 20.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

IRIDIUM COMMUNICATIONS INC / IRDM Weekly stock chart

IRIDIUM COMMUNICATIONS INC / IRDM Daily stock chart

Setup Rating and Analysis

The technical rating of IRDM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside 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

17.11

32.99

We found 1 important support area.

Support @17.28 from a horizontal line in the daily time frame.

We can see 5 important resistance areas.

A resistance zone ranging from 20.02 to 20.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @25.01 from a horizontal line in the daily time frame.
Resistance @30.73 from a trend line in the weekly time frame.
Resistance @31.48 from a horizontal line in the weekly time frame.
Resistance @32.66 from a horizontal line in the daily time frame.

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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 IRDM is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for IRDM is down.
ChartMill Relative Strength	4.82	NEGATIVE	IRDM has a low relative strength, it was outperformed by 95.18% 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)	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)	40.94	NEUTRAL	The RSI value for IRDM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.41	POSITIVE	The MACD value suggests IRDM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	69.8	NEUTRAL	The Stochastics value for IRDM is a neutral value.
Average True Range in percent/ATR (20)	3.74	MEDIUM VOLATILITY	The ATR as a percentage value for IRDM suggests some volalility.
Average Directional Index/ADX (14)	32.09	POSITIVE	The high ADX value value for IRDM suggests a strong trend.