IRIDEX CORP (IRIX) Stock Technical Analysis
USA - NASDAQ:IRIX - US4626841013 - Common Stock
Taking everything into account, IRIX scores 0 out of 10 in our technical rating. IRIX'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.
IRIX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IRIX 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
0.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.03 to 1.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.99 from a trend line in the daily time frame.
- A support zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 1.10 to 1.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.20 to 1.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.24 from a trend line in the daily time frame.
- Resistance @1.33 from a trend line in the weekly time frame.
- Resistance @1.41 from a horizontal line in the weekly time frame.
- Resistance @1.45 from a trend 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 IRIX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IRIX is down. |
| ChartMill Relative Strength | 9.58 | NEGATIVE | IRIX has a low relative strength, it was outperformed by 90.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IRIX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IRIX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IRIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.01 | NEUTRAL | The RSI value for IRIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IRIX has a positive trend. |
| Stochastics (14,3) | 35.33 | NEUTRAL | The Stochastics value for IRIX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for IRIX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.01 | NEGATIVE | The low ADX value for IRIX suggests a weak or negative trend. |
1.095
+0 (+0.46%)
IRIDEX CORP / IRIX FAQ
Can you provide the ChartMill technical rating for IRIDEX CORP?
ChartMill assigns a technical rating of 0 / 10 to IRIX.
What is the trend direction for IRIX stock?
The current trend direction for IRIDEX CORP (IRIX) is Bearish.
What is the RSI signal for IRIDEX CORP (IRIX) stock?
IRIDEX CORP (IRIX) has an RSI value of 46.0099. This indicates that the stock is currently neutral.
What is the short term momentum for IRIDEX CORP (IRIX) stock?
The short term momentum for IRIDEX CORP (IRIX) is negative.
What is the buy/sell signal for IRIDEX CORP (IRIX) stock?
The buy/sell signal for IRIDEX CORP (IRIX) is sell as both the short term and long term trends are negative.