Taking everything into account, IRMD scores 7 out of 10 in our technical rating. In the last year, IRMD was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month IRMD has a been trading in the 93.33 - 104.93 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that IRMD is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, IRMD also shows a nice and consistent pattern of rising prices.
- IRMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 94% of 186 stocks in the same industry.
- IRMD 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 IRMD is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
IRMD has an excellent technical rating and 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. There is a support zone below the current price at 95.96, a Stop Loss order could be placed below this zone.
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54.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 93.85 to 95.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.95 from a trend line in the weekly time frame.
- Support @54.75 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @103.89 from a horizontal line in the daily 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 IRMD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IRMD is down. |
| ChartMill Relative Strength | 91.07 | POSITIVE | IRMD has a high relative strength, it outperformed 91.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IRMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IRMD is below 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) | 44.13 | NEUTRAL | The RSI value for IRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.83 | NEGATIVE | The MACD value suggests IRMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.65 | OVERSOLD | The low Stochastics value suggests IRMD may be oversold. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for IRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.45 | NEUTRAL | The ADX value for IRMD suggests a possible start of a new 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 |
|---|---|---|---|
| 97.22 | 93.84 | 3.38 (3.48%) | 25.00% |
| An entry @97.22. This is a Buy Stop order right above the 10 day moving average. | An exit @93.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.38 points, which is 3.48%. | For a 0.87% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IRMD. 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.
95.97
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IRADIMED CORP / IRMD FAQ
Can you provide the ChartMill technical rating for IRADIMED CORP?
ChartMill assigns a technical rating of 7 / 10 to IRMD.
Can you provide the trend direction for IRADIMED CORP?
The current trend direction for IRADIMED CORP (IRMD) is Bullish.
Can you provide the RSI signal for IRADIMED CORP?
IRADIMED CORP (IRMD) has an RSI value of 44.1311. This indicates that the stock is currently neutral.
What is the short term momentum for IRADIMED CORP (IRMD) stock?
The short term momentum for IRADIMED CORP (IRMD) is negative.
What is the support and resistance level for IRMD stock?
IRADIMED CORP (IRMD) has a support level at 95.96 and a resistance level at 103.89. Check the full technical report for our detailed analysis of IRMD support and resistance levels.