DISC MEDICINE INC (IRON) Stock Technical Analysis
USA - NASDAQ:IRON - US2546041011 - Common Stock
Taking everything into account, IRON scores 9 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, IRON is showing a nice and steady performance.
Besides having an excellent technical rating, IRON also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 89.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.75, 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
45.43
We found 4 important support areas.
- A support zone ranging from 86.46 to 86.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 83.58 to 83.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.70 from a trend line in the daily time frame.
- Support @45.89 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 89.94 to 89.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 IRON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRON is up. |
| ChartMill Relative Strength | 93 | POSITIVE | IRON has a high relative strength, it outperformed 93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IRON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IRON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.49 | NEUTRAL | The RSI value for IRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests IRON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.54 | NEUTRAL | The Stochastics value for IRON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for IRON suggests some volalility. |
| Average Directional Index/ADX (14) | 46.39 | POSITIVE | The high ADX value value for IRON suggests a strong 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 |
|---|---|---|---|
| 89.96 | 86.45 | 3.51 (3.90%) | 25.00% |
| An entry @89.96. This is a Buy Stop order right above the resistance zone. | An exit @86.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.51 points, which is 3.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- The distance between exit and entry is rather small compared to the average daily movement of IRON. 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.
89.65
-0.3 (-0.33%)
DISC MEDICINE INC / IRON FAQ
Can you provide the ChartMill technical rating for DISC MEDICINE INC?
ChartMill assigns a technical rating of 9 / 10 to IRON.
Can you provide the trend direction for DISC MEDICINE INC?
The current trend direction for DISC MEDICINE INC (IRON) is Bullish.
What is the RSI signal for DISC MEDICINE INC (IRON) stock?
DISC MEDICINE INC (IRON) has an RSI value of 64.4947. This indicates that the stock is currently neutral.
What is the MACD signal for IRON stock?
The MACD indicator for DISC MEDICINE INC (IRON) has a value of -0.42417, indicating a bearish trend.
What is the buy/sell signal for DISC MEDICINE INC (IRON) stock?
The buy/sell signal for DISC MEDICINE INC (IRON) is buy as both the short term and long term trends are positive.