IRMD Technical Analysis - IRADIMED CORP

Technical Rating and Analysis

Overall IRMD gets a technical rating of 10 out of 10. 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 88% 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 87% of 191 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.

In the last month IRMD has a been trading in the 67.84 - 78.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although IRMD has an excellent technical rating, the quality of the presented setup is not ideal 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

54.19

72.60

4 important support areas can be observed.

A support zone ranging from 68.55 to 71.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @63.84 from a trend line in the daily time frame.
Support @62.71 from a trend line in the weekly time frame.
Support @54.74 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 IRMD is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IRMD is up.
ChartMill Relative Strength	88.8	POSITIVE	IRMD has a high relative strength, it outperformed 88.8% 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)	62.51	NEUTRAL	The RSI value for IRMD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.48	POSITIVE	The MACD value suggests IRMD has a positive trend.
Stochastics (14,3)	83.79	OVERBOUGHT	The high Stochastics value suggests IRMD may be overbought.
Average True Range in percent/ATR (20)	2.99	MEDIUM VOLATILITY	The ATR as a percentage value for IRMD suggests some volalility.
Average Directional Index/ADX (14)	26.96	POSITIVE	The high ADX value value for IRMD suggests a strong trend.