IRADIMED CORP (IRMD) Stock Technical Analysis
NASDAQ:IRMD - US46266A1097 - Common Stock
73.02 USD
-0.83 (-1.12%)
73.02 USD
0 (0%)
We assign a technical rating of 10 out of 10 to IRMD. Both in the recent history as in the last year, IRMD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that IRMD is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by IRMD over the past year are nicely spread over this period.
IRMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 90% of 185 stocks in the same industry.
IRMD is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IRMD has a been trading in the 59.00 - 74.00 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, IRMD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 73.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 71.46, a Stop Loss order could be placed below this zone.
More info and screens
50.54
74.59
We found 4 important support areas.
- A support zone ranging from 69.82 to 71.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 59.23 to 59.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.67 from a trend line in the weekly time frame.
- Support @51.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 73.03 to 73.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 IRMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRMD is up. |
| ChartMill Relative Strength | 89.77 | POSITIVE | IRMD has a high relative strength, it outperformed 89.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IRMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IRMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.07 | NEUTRAL | The RSI value for IRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests IRMD has a negative trend. |
| Stochastics (14,3) | 87.86 | OVERBOUGHT | The high Stochastics value suggests IRMD may be overbought. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for IRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 43.14 | POSITIVE | The high ADX value value for IRMD suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 73.86 | 69.81 | 4.05 (5.48%) | 18.24% |
| An entry @73.86. This is a Buy Stop order right above the resistance zone. | An exit @69.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.05 points, which is 5.48%. | When investing 18.24% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
73.02
-0.83 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.12%
1 Week3.53%
2 Weeks4.09%
1 Month25.16%
3 Month26.16%
6 Month35.45%
12 Month55.49%
2 Year57.95%
3 Year117.65%
5 Year244.43%
10 Year205.52%
15 YearN/A
Volatility
ATR(14)1.75
ATR(20)%3.26%
ATR Inc-12.34%
Range Today1.44
ADR(20)2.3
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.77
Mansfield1.94
10 Day High74
10 Day Low69.44
20 Day High74
20 Day Low59
52 Week High74
52 Week Low44.58
CS1 End71.46
CR1 Start73.03
Volume & EV
DER(3)1.07%
DER(5)0.66%
Volume38.70K
Volume Incr-3.68%
Vol(5)55.72K
Vol(50)59.37K