DISC MEDICINE INC (IRON) Stock Technical Analysis
NASDAQ:IRON - Nasdaq - US2546041011 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to IRON. Although IRON is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
IRON is one of the better performing stocks in the Biotechnology industry, it outperforms 83% of 560 stocks in the same industry.
Looking at the yearly performance, IRON did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
IRON is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IRON is lagging the market slightly.
In the last month IRON has a been trading in the 40.36 - 50.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IRON has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 48.96. Right above this resistance zone may be a good entry point.
More info and screens
39.90
50.59
We found 2 important support areas.
- Support @45.11 from a horizontal line in the daily time frame.
- Support @40.30 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 48.96 to 50.09. 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 | DOWN | NEGATIVE | The long term trend for IRON is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IRON is neutral. |
| ChartMill Relative Strength | 80.14 | POSITIVE | IRON has a high relative strength, it outperformed 80.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IRON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IRON is above a declining 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) | 49.9 | NEUTRAL | The RSI value for IRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests IRON has a negative trend. |
| Stochastics (14,3) | 38.96 | NEUTRAL | The Stochastics value for IRON is a neutral value. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for IRON suggests high volalility. |
| Average Directional Index/ADX (14) | 14.76 | NEGATIVE | The low ADX value for IRON 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)
46.68
-0.19 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.41%
1 Week-2.83%
2 Weeks-0.87%
1 Month-6.04%
3 Month-16.91%
6 Month-26.43%
12 Month37.5%
2 Year25.72%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.34
ATR(20)%5.87%
ATR Inc5.71%
Range Today2.74
ADR(20)2.67
ADR(20)%5.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.14
Mansfield-1.17
10 Day High50.35
10 Day Low44.47
20 Day High50.66
20 Day Low40.36
52 Week High68.73
52 Week Low30.82
CS1 End45.11
CR1 Start48.96
Volume & EV
DER(3)-1.2%
DER(5)-1.5%
Volume437.30K
Volume Incr-15.61%
Vol(5)305.26K
Vol(50)450.62K