NEW IRELAND FUND INC (IRL) Technical Analysis
NYSE:IRL • US6456731040
Current stock price
IRL Technical Rating and Analysis
Overall IRL gets a technical rating of 8 out of 10. Both in the recent history as in the last year, IRL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: IRL has an average volume of 11196 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- IRL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IRL is leading the market.
- IRL 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.
- Looking at the yearly performance, IRL did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month IRL has a been trading in a tight range between 10.30 and 10.75.
IRL Weekly and Daily overview Charts
IRL Setup Rating and Analysis
Although IRL has an excellent technical rating, it 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.
More info and screens
IRL Support and Resistance Analysis
10.30
We found 1 important support area.
- A support zone ranging from 10.40 to 10.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.51 to 10.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
IRL 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 IRL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRL is up. |
| ChartMill Relative Strength | 88.49 | POSITIVE | IRL has a high relative strength, it outperformed 88.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IRL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IRL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IRL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.05 | NEUTRAL | The RSI value for IRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests IRL has a negative trend. |
| Stochastics (14,3) | 34.86 | NEUTRAL | The Stochastics value for IRL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for IRL suggests low volalility. |
| Average Directional Index/ADX (14) | 32.05 | POSITIVE | The high ADX value value for IRL suggests a strong trend. |
IRL Chart- and CandleStick Pattern Analysis
IRL Technicals: Chart, Performance Metrics, Trend & Indicators
10.41
-0.01 (-0.09%)
NEW IRELAND FUND INC / IRL TA FAQ
What is the ChartMill technical rating of NEW IRELAND FUND INC (IRL) stock?
ChartMill assigns a technical rating of 7 / 10 to IRL.
What is the current trend direction of NEW IRELAND FUND INC (IRL) stock?
The current trend direction for NEW IRELAND FUND INC (IRL) is Bullish.
What is the RSI signal for IRL stock?
NEW IRELAND FUND INC (IRL) has an RSI value of 52.0468. This indicates that the stock is currently neutral.
What is the MACD signal for IRL stock?
The MACD indicator for NEW IRELAND FUND INC (IRL) has a value of -0.0451764, indicating a bearish trend.
What is the buy/sell signal for NEW IRELAND FUND INC (IRL) stock?
The buy/sell signal for NEW IRELAND FUND INC (IRL) is buy as both the short term and long term trends are positive.