IRIDEX CORP (IRIX) Technical Analysis
NASDAQ:IRIX • US4626841013
Current stock price
IRIX Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to IRIX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- When comparing the yearly performance of all stocks, we notice that IRIX is one of the better performing stocks in the market, outperforming 90% of all stocks.
- IRIX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 93% of 187 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.
- IRIX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IRIX is lagging the market slightly.
- In the last month IRIX has a been trading in the 1.21 - 1.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
IRIX Weekly and Daily overview Charts
IRIX Setup Rating and Analysis
Although the technical rating is only medium, IRIX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.33, a Stop Loss order could be placed below this zone.
More info and screens
IRIX Support and Resistance Analysis
0.87
We found 4 important support areas.
- A support zone ranging from 1.29 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.23 to 1.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.94 from a trend line in the weekly time frame.
- Support @0.88 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.46 to 1.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
IRIX Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for IRIX is down. |
| ChartMill Relative Strength | 90.36 | POSITIVE | IRIX has a high relative strength, it outperformed 90.36% 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) | UP | MIXED | The current price of IRIX is below 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) | 48.73 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 54.73 | NEUTRAL | The Stochastics value for IRIX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for IRIX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.88 | NEUTRAL | The ADX value for IRIX suggests a possible start of a new trend. |
IRIX Chart- and CandleStick Pattern Analysis
IRIX Technicals: Chart, Performance Metrics, Trend & Indicators
1.35
+0.01 (+0.75%)
IRIDEX CORP / IRIX TA FAQ
Can you provide the ChartMill technical rating for IRIDEX CORP?
ChartMill assigns a technical rating of 6 / 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 48.7267. 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 -0.00176054, indicating a bearish trend.
Can you provide the support and resistance levels for IRIDEX CORP?
IRIDEX CORP (IRIX) has a support level at 1.33 and a resistance level at 1.46. Check the full technical report for our detailed analysis of IRIX support and resistance levels.