We assign a technical rating of 1 out of 10 to IRDM. 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.
IRDM has a poor technical rating and the quality of the setup is also only medium 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
16.87
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.49 to 17.89. 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 18.39 to 19.15. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 13.47 | NEGATIVE | IRDM has a low relative strength, it was outperformed by 86.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IRDM is below 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) | 46.87 | NEUTRAL | The RSI value for IRDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests IRDM has a negative trend. |
| Stochastics (14,3) | 17.29 | OVERSOLD | The low Stochastics value suggests IRDM may be oversold. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for IRDM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.76 | NEGATIVE | The low ADX value for IRDM suggests a weak or negative trend. |
17.04
+0.48 (+2.9%)
IRIDIUM COMMUNICATIONS INC / IRDM FAQ
What is the technical rating for IRDM stock?
ChartMill assigns a technical rating of 1 / 10 to IRDM.
What is the current trend direction of IRIDIUM COMMUNICATIONS INC (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 46.8707. This indicates that the stock is currently neutral.
What is the MACD signal for IRIDIUM COMMUNICATIONS INC (IRDM) stock?
The MACD indicator for IRIDIUM COMMUNICATIONS INC (IRDM) has a value of -0.0574423, indicating a bearish trend.
Can you provide the support and resistance levels for IRIDIUM COMMUNICATIONS INC?
IRIDIUM COMMUNICATIONS INC (IRDM) has a resistance level at 17.49. Check the full technical report for our detailed analysis of IRDM support and resistance levels.