IRIDEX CORP (IRIX)

US4626841013 - Common Stock

2.805  +0.01 (+0.18%)

Technical Rating and Analysis

4

Overall IRIX gets a technical rating of 4 out of 10. IRIX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month IRIX has a been trading in the 2.75 - 3.65 range, which is quite wide. It is currently trading near the lows of this range.
IRIX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 82% of 193 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, IRIX did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
IRIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IRIX is lagging the market.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
IRIX Weekly chart
IRIX Daily chart
Setup Rating and Analysis

3

IRIX has an average technical rating and it also does not offer a high quality setup 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.

Support and Resistance Analysis

2.38

3.40

4 important support areas can be observed.

  • Support @2.79 from a horizontal line in the daily time frame.
  • Support @2.70 from a trend line in the weekly time frame.
  • A support zone ranging from 2.59 to 2.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @2.40 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 2.81 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 3.04 to 3.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @3.37 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.66
Mansfield0.32
10 Day High3.06
10 Day Low2.75
20 Day High3.65
20 Day Low2.75
52 Week High3.65
52 Week Low1.31
Performance
1 Week-1.92%
2 Weeks-3.94%
1 Month-20.54%
3 Month6.25%
6 Month34.86%
12 Month24.94%
2 Year-6.19%
3 Year-64.31%
5 Year-43.56%
10 Year-67.91%
15 Year46.86%
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)44.39
LBB2.71
UBB3.12
IRIX Daily chart

IRIDEX CORP

NASDAQ:IRIX (5/6/2024, 7:08:02 PM)

2.805

+0.01 (+0.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.18%
1 Week-1.92%
2 Weeks-3.94%
1 Month-20.54%
3 Month6.25%
6 Month34.86%
12 Month24.94%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.16
ATR(20)%6.84%
ATR Inc
Range Today0.15
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.06
10 Day Low2.75
20 Day High3.65
20 Day Low2.75
52 Week High3.65
52 Week Low1.31
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume27.30K
Volume Incr-59.85%
Vol(5)15.46K
Vol(50)37.97K