DISC MEDICINE INC (IRON) Stock Technical Analysis
NASDAQ:IRON - US2546041011 - Common Stock
60.35 USD
+0.6 (+1%)
60.35 USD
0 (0%)
We assign a technical rating of 8 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!
IRON is one of the better performing stocks in the Biotechnology industry, it outperforms 73% of 549 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 56.44 - 64.83 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, IRON did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
IRON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 60.29, a Stop Loss order could be placed below this zone.
More info and screens
42.55
65.66
We found 3 important support areas.
- A support zone ranging from 58.97 to 60.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.34 to 57.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.98 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 60.52 to 60.52. 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 | 83.59 | POSITIVE | IRON has a high relative strength, it outperformed 83.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IRON is above a declining 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) | 57.22 | NEUTRAL | The RSI value for IRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests IRON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.74 | NEUTRAL | The Stochastics value for IRON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for IRON suggests some volalility. |
| Average Directional Index/ADX (14) | 36.35 | 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 |
|---|---|---|---|
| 60.53 | 58.96 | 1.57 (2.59%) | 25.00% |
| An entry @60.53. This is a Buy Stop order right above the resistance zone. | An exit @58.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.57 points, which is 2.59%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
60.35
+0.6 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1%
1 Week0.82%
2 Weeks4%
1 Month-0.43%
3 Month27.4%
6 Month10.67%
12 Month22.14%
2 Year13.98%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.2
ATR(20)%3.47%
ATR Inc-18.96%
Range Today1.3
ADR(20)2.05
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.59
Mansfield0.22
10 Day High64.83
10 Day Low56.98
20 Day High64.83
20 Day Low56.44
52 Week High68.73
52 Week Low30.82
CS1 End60.29
CR1 Start60.52
Volume & EV
DER(3)1.56%
DER(5)0.2%
Volume349.20K
Volume Incr-22.92%
Vol(5)279.56K
Vol(50)372.43K