Taking everything into account, IRIX scores 8 out of 10 in our technical rating. Although IRIX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although IRIX has an excellent technical rating, it does not present a decent entry opportunity 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
0.87
When analyzing the support we can see 4 important areas.
- Support @0.96 from a trend line in the daily time frame.
- Support @0.92 from a trend line in the weekly time frame.
- Support @0.90 from a trend line in the daily time frame.
- Support @0.88 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.42 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 | UP | POSITIVE | The long term trend for IRIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRIX is up. |
| ChartMill Relative Strength | 62.19 | NEUTRAL | IRIX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IRIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IRIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.44 | NEUTRAL | The RSI value for IRIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests IRIX has a positive trend. |
| Stochastics (14,3) | 74.52 | NEUTRAL | The Stochastics value for IRIX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for IRIX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.1 | POSITIVE | The high ADX value value for IRIX suggests a strong trend. |
1.38
-0.1 (-6.76%)
IRIDEX CORP / IRIX FAQ
Can you provide the ChartMill technical rating for IRIDEX CORP?
ChartMill assigns a technical rating of 8 / 10 to IRIX.
Can you provide the trend direction for IRIDEX CORP?
The current trend direction for IRIDEX CORP (IRIX) is Bullish.
What is the RSI signal for IRIDEX CORP (IRIX) stock?
IRIDEX CORP (IRIX) has an RSI value of 66.4438. This indicates that the stock is currently neutral.
What is the MACD signal for IRIX stock?
The MACD indicator for IRIDEX CORP (IRIX) has a value of 0.025145, indicating a bearish trend.
Can you provide the support and resistance levels for IRIDEX CORP?
IRIDEX CORP (IRIX) has a support level at 0.96 and a resistance level at 1.42. Check the full technical report for our detailed analysis of IRIX support and resistance levels.