Taking everything into account, IRIX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IRIX is only an average performer.
- The long and short term trends are both positive. This is looking good!
- IRIX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 85% of 184 stocks in the same industry.
- IRIX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IRIX is lagging the market slightly.
- IRIX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, IRIX did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, IRIX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
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4 important support areas can be observed.
- A support zone ranging from 1.47 to 1.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.31 from a trend line in the daily time frame.
- Support @0.93 from a trend line in the weekly time frame.
- Support @0.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.53 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 | 78.38 | POSITIVE | IRIX has a high relative strength, it outperformed 78.38% off all stocks 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) | 62.18 | NEUTRAL | The RSI value for IRIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IRIX has a negative trend. |
| Stochastics (14,3) | 66.42 | NEUTRAL | The Stochastics value for IRIX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.48 | HIGH VOLATILITY | The high ATR as a percentage value for IRIX suggests high volalility. |
| Average Directional Index/ADX (14) | 54.72 | POSITIVE | The high ADX value value for IRIX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.54 | 1.46 | 0.08 (5.19%) | 19.25% |
| An entry @1.54. This is a Buy Stop order right above the resistance zone. | An exit @1.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 5.19%. | When investing 19.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of IRIX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:IRIX (1/30/2026, 8:00:02 PM)
1.49
0 (0%)
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 62.1796. 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 -0.00196525, indicating a bearish trend.
Can you provide the support and resistance levels for IRIDEX CORP?
IRIDEX CORP (IRIX) has a support level at 1.48 and a resistance level at 1.53. Check the full technical report for our detailed analysis of IRIX support and resistance levels.