IRIDIUM COMMUNICATIONS INC (IRDM) Stock Technical Analysis
NASDAQ:IRDM - Nasdaq - US46269C1027 - Common Stock - Currency: USD
Overall IRDM gets a technical rating of 0 out of 10. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, IRDM is a bad performer in the overall market: 83% of all stocks are doing better.
IRDM is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 67% of 35 stocks in the same industry do better.
IRDM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month IRDM has a been trading in the 23.21 - 33.34 range, which is quite wide. It is currently trading near the lows of this range.
IRDM has an average volume of 1587940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
23.57
32.99
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.48 to 31.74. 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 | 17.11 | NEGATIVE | IRDM has a low relative strength, it was outperformed by 82.89% 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) | 29.59 | OVERSOLD | The low RSI value suggests IRDM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests IRDM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.71 | OVERSOLD | The low Stochastics value suggests IRDM may be oversold. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for IRDM suggests high volalility. |
| Average Directional Index/ADX (14) | 43.45 | 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)
23.81
+0.07 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg0.29%
1 Week-1.53%
2 Weeks-7.34%
1 Month-24.29%
3 Month-9.98%
6 Month-16.22%
12 Month-10.69%
2 Year-51.36%
3 Year-46.36%
5 Year-14.99%
10 Year219.6%
15 Year174.94%
Volatility
ATR(14)1.32
ATR(20)%5.22%
ATR Inc-47.49%
Range Today0.36
ADR(20)1.09
ADR(20)%4.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.11
Mansfield-2.27
10 Day High25.99
10 Day Low23.21
20 Day High33.34
20 Day Low23.21
52 Week High35.85
52 Week Low19.91
CS1 EndN/A
CR1 Start31.48
Volume & EV
DER(3)-0.84%
DER(5)0.85%
Volume1.06M
Volume Incr-22.71%
Vol(5)1.59M
Vol(50)1.59M