DISC MEDICINE INC (IRON) Stock Technical Analysis
NASDAQ:IRON - Nasdaq - US2546041011 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to IRON. Both in the recent history as in the last year, IRON has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that IRON is one of the better performing stocks in the market, outperforming 84% of all stocks.
IRON is one of the better performing stocks in the Biotechnology industry, it outperforms 80% of 553 stocks in the same industry.
IRON 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 IRON is lagging the market slightly.
In the last month IRON has a been trading in the 51.01 - 62.00 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, IRON also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 60.52. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for IRON in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
41.89
65.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 56.45 to 56.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @51.12 from a horizontal line in the daily time frame.
- Support @42.31 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 60.52 to 60.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @65.01 from a horizontal 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 IRON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRON is up. |
| ChartMill Relative Strength | 84.73 | POSITIVE | IRON has a high relative strength, it outperformed 84.73% 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) | 61.69 | NEUTRAL | The RSI value for IRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests IRON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.13 | OVERBOUGHT | The high Stochastics value suggests IRON may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for IRON suggests some volalility. |
| Average Directional Index/ADX (14) | 39.79 | POSITIVE | The high ADX value value for IRON 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 |
|---|---|---|---|
| 60.82 | 56.44 | 4.38 (7.20%) | 13.89% |
| An entry @60.82. This is a Buy Stop order right above the resistance zone. | An exit @56.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.38 points, which is 7.20%. | For a 1.00% total portfolio risk, you can invest 13.89% of your capital in this trade. |
- 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.
59.48
-1.13 (-1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.86%
1 Week0.17%
2 Weeks3.01%
1 Month9.14%
3 Month20.14%
6 Month6.59%
12 Month38.84%
2 Year19.92%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.36
ATR(20)%3.96%
ATR Inc-39.89%
Range Today1.55
ADR(20)2.31
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.73
Mansfield0.25
10 Day High62
10 Day Low55.77
20 Day High62
20 Day Low51.01
52 Week High68.73
52 Week Low30.82
CS1 End56.89
CR1 Start60.52
Volume & EV
DER(3)0.64%
DER(5)3.12%
Volume298.40K
Volume Incr-17.52%
Vol(5)324.34K
Vol(50)374.96K