Taking everything into account, IRMD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IRMD is showing a nice and steady performance.
Although IRMD has an excellent technical rating, it does not present a decent entry opportunity 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
51.90
We found 5 important support areas.
- Support @84.35 from a horizontal line in the daily time frame.
- A support zone ranging from 78.84 to 80.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @69.82 from a horizontal line in the daily time frame.
- Support @55.99 from a trend line in the weekly time frame.
- Support @52.42 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for IRMD is up. |
| ChartMill Relative Strength | 93.44 | POSITIVE | IRMD has a high relative strength, it outperformed 93.44% 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) | 75.51 | OVERBOUGHT | The high RSI value suggests IRMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests IRMD has a positive trend. |
| Stochastics (14,3) | 97.73 | OVERBOUGHT | The high Stochastics value suggests IRMD may be overbought. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for IRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 55.1 | POSITIVE | The high ADX value value for IRMD suggests a strong trend. |
93.22
+0.39 (+0.42%)
IRADIMED CORP / IRMD FAQ
Can you provide the ChartMill technical rating for IRADIMED CORP?
ChartMill assigns a technical rating of 10 / 10 to IRMD.
What is the current trend direction of IRADIMED CORP (IRMD) stock?
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 75.5089. This indicates that the stock is currently overbought.
Can you provide the short term momentum for IRADIMED CORP?
The short term momentum for IRADIMED CORP (IRMD) is positive.
Can you provide the buy/sell signal for IRADIMED CORP?
The buy/sell signal for IRADIMED CORP (IRMD) is buy as both the short term and long term trends are positive.