Taking everything into account, IRMD scores 7 out of 10 in our technical rating. 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 93.33 - 104.93 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, IRMD did better than 89% of all other 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 186 other stocks in this industry. IRMD outperforms 92% 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.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
IRMD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 93.99, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
54.10
3 important support areas can be observed.
- A support zone ranging from 93.85 to 93.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.77 from a trend line in the weekly time frame.
- Support @54.65 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 | 89.13 | POSITIVE | IRMD has a high relative strength, it outperformed 89.13% 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) | -0.93 | NEGATIVE | The MACD value suggests IRMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.56 | OVERSOLD | The low Stochastics value suggests IRMD may be oversold. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for IRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.66 | 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 |
|---|---|---|---|
| 97.64 | 93.84 | 3.80 (3.89%) | 25.00% |
| An entry @97.64. 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 worst case loss on the trade is limited to 3.80 points, which is 3.89%. | For a 0.97% 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
+1.43 (+1.51%)
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 93.99 and a resistance level at 103.89. Check the full technical report for our detailed analysis of IRMD support and resistance levels.