We assign a technical rating of 0 out of 10 to IRDM. 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.
Although the technical rating is bad, IRDM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 16.31, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IRDM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.68
When analyzing the support we notice one important area.
- A support zone ranging from 15.84 to 16.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 16.41 to 16.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.28 from a trend line in the daily time frame.
- Resistance @31.48 from a horizontal line in the weekly time frame.
- Resistance @32.13 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 | 7.1 | NEGATIVE | IRDM has a low relative strength, it was outperformed by 92.9% 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) | 41.33 | NEUTRAL | The RSI value for IRDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests IRDM has a positive trend. |
| Stochastics (14,3) | 45.52 | NEUTRAL | The Stochastics value for IRDM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for IRDM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.16 | NEUTRAL | The ADX value for IRDM suggests a possible start of a new trend. |
16.4
-0.04 (-0.24%)
IRIDIUM COMMUNICATIONS INC / IRDM FAQ
What is the technical rating for IRDM stock?
ChartMill assigns a technical rating of 0 / 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 41.3285. 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 0.0729849, indicating a bearish trend.
Can you provide the support and resistance levels for IRIDIUM COMMUNICATIONS INC?
IRIDIUM COMMUNICATIONS INC (IRDM) has a support level at 16.31 and a resistance level at 16.41. Check the full technical report for our detailed analysis of IRDM support and resistance levels.