IRADIMED CORP (IRMD) Stock Technical Analysis
USA - NASDAQ:IRMD - US46266A1097 - Common Stock
70.52 USD
-1.86 (-2.56%)
70.52 USD
0 (0%)
Overall IRMD gets a technical rating of 9 out of 10. 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.
In the last month IRMD has a been trading in the 70.07 - 74.43 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that IRMD is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by IRMD over the past year are nicely spread over this period.
IRMD is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. IRMD outperforms 87% of them.
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.
Besides having an excellent technical rating, IRMD also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 70.51, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
53.66
75.01
We found 4 important support areas.
- A support zone ranging from 69.82 to 70.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.96 from a trend line in the daily time frame.
- Support @60.97 from a trend line in the weekly time frame.
- Support @54.20 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 71.75 to 73.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.27 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 | NEUTRAL | NEUTRAL | The short term trend for IRMD is neutral. |
| ChartMill Relative Strength | 85.99 | POSITIVE | IRMD has a high relative strength, it outperformed 85.99% 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 | 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) | 49.93 | NEUTRAL | The RSI value for IRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests IRMD has a negative trend. |
| Stochastics (14,3) | 26.18 | NEUTRAL | The Stochastics value for IRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for IRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 33.28 | 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 |
|---|---|---|---|
| 73.01 | 70.06 | 2.95 (4.04%) | 24.75% |
| An entry @73.01. This is a Buy Stop order right above the resistance zone. | An exit @70.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.95 points, which is 4.04%. | When investing 24.75% 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.
70.52
-1.86 (-2.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.56%
1 Week-1.05%
2 Weeks-2.04%
1 Month-0.01%
3 Month21.09%
6 Month34.76%
12 Month46.98%
2 Year58.94%
3 Year134.6%
5 Year229.84%
10 Year189.49%
15 YearN/A
Volatility
ATR(14)1.84
ATR(20)%2.62%
ATR Inc67.08%
Range Today2.43
ADR(20)1.78
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.99
Mansfield1.11
10 Day High74.43
10 Day Low70.07
20 Day High74.43
20 Day Low70.07
52 Week High74.43
52 Week Low46.86
CS1 End70.51
CR1 Start71.75
Volume & EV
DER(3)0.9%
DER(5)1.11%
Volume154.40K
Volume Incr53.61%
Vol(5)63.54K
Vol(50)48.89K