DISC MEDICINE INC (IRON) Stock Technical Analysis
NASDAQ:IRON - Nasdaq - US2546041011 - Common Stock - Currency: USD
Overall IRON gets a technical rating of 6 out of 10. In the past year, IRON was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
IRON has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 53.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.54, a Stop Loss order could be placed below this zone. 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.
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We found 4 important support areas.
- A support zone ranging from 49.48 to 50.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.00 from a trend line in the daily time frame.
- Support @45.11 from a horizontal line in the daily time frame.
- Support @41.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.16 to 53.72. 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 | NEUTRAL | NEUTRAL | The long term trend for IRON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRON is up. |
| ChartMill Relative Strength | 62.54 | NEUTRAL | IRON is not amongst the best or worst performers 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 | MIXED | The current price of IRON is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.18 | NEUTRAL | The RSI value for IRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests IRON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.78 | NEUTRAL | The Stochastics value for IRON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for IRON suggests some volalility. |
| Average Directional Index/ADX (14) | 18.81 | NEGATIVE | The low ADX value for IRON suggests a weak or negative 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 |
|---|---|---|---|
| 53.73 | 49.47 | 4.26 (7.93%) | 12.61% |
| An entry @53.73. This is a Buy Stop order right above the resistance zone. | An exit @49.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.26 points, which is 7.93%. | When investing 12.61% 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.
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+0.07 (+0.14%)