IRADIMED CORP (IRMD) Stock Technical Analysis
NASDAQ:IRMD - Nasdaq - US46266A1097 - Common Stock - Currency: USD
Taking everything into account, IRMD scores 10 out of 10 in our technical rating. IRMD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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 87% of all stocks. On top of that, IRMD also shows a nice and consistent pattern of rising prices.
IRMD is part of the Health Care Equipment & Supplies industry. There are 187 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 is also trading in the upper part of its 52 week range, so IRMD is performing more or less in line with the market.
IRMD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. 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
47.50
63.31
3 important support areas can be observed.
- A support zone ranging from 50.78 to 52.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.91 from a horizontal line in the weekly time frame.
- Support @47.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @60.51 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 62.67 to 62.68. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for IRMD is up. |
| ChartMill Relative Strength | 87.6 | POSITIVE | IRMD has a high relative strength, it outperformed 87.6% 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) | 55.66 | NEUTRAL | The RSI value for IRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests IRMD has a negative trend. |
| Stochastics (14,3) | 49.58 | NEUTRAL | The Stochastics value for IRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for IRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 19.5 | NEGATIVE | The low ADX value for IRMD suggests a weak or negative 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 |
|---|---|---|---|
| 60.52 | 57.49 | 3.03 (5.01%) | 19.97% |
| An entry @60.52. This is a Buy Stop order right above the resistance zone. | An exit @57.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.03 points, which is 5.01%. | When investing 19.97% 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.
58.24
-0.21 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.36%
1 Week-2.22%
2 Weeks-3.51%
1 Month9.45%
3 Month11.29%
6 Month6.57%
12 Month35.76%
2 Year21.99%
3 Year71.6%
5 Year150.93%
10 Year150.28%
15 YearN/A
Volatility
ATR(14)1.72
ATR(20)%3.32%
ATR Inc-31.32%
Range Today1.55
ADR(20)1.81
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.6
Mansfield0.83
10 Day High61.32
10 Day Low57.5
20 Day High61.62
20 Day Low50.88
52 Week High63.29
52 Week Low42.34
CS1 End52.45
CR1 Start60.51
Volume & EV
DER(3)-0.06%
DER(5)1.2%
Volume106.30K
Volume Incr60.43%
Vol(5)65.92K
Vol(50)40.00K