We assign a technical rating of 4 out of 10 to IRON. In the last year, IRON was one of the better performers, but we do observe some doubts in the very recent evolution.
IRON has only a medium technical rating, but it does show 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 78.52. Right above this resistance zone may be a good entry point.
More info and screens
46.98
We found 3 important support areas.
- Support @78.13 from a horizontal line in the weekly time frame.
- A support zone ranging from 75.71 to 76.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.45 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 78.52 to 78.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 80.33 to 82.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for IRON is down. |
| ChartMill Relative Strength | 80.92 | POSITIVE | IRON has a high relative strength, it outperformed 80.92% 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 | NEGATIVE | The current price of IRON is below a declining 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) | 38.87 | NEUTRAL | The RSI value for IRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests IRON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.1 | NEUTRAL | The Stochastics value for IRON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for IRON suggests some volalility. |
| Average Directional Index/ADX (14) | 35.05 | POSITIVE | The high ADX value value for IRON suggests a strong trend. |
78.14
-1.15 (-1.45%)
DISC MEDICINE INC / IRON FAQ
Can you provide the ChartMill technical rating for DISC MEDICINE INC?
ChartMill assigns a technical rating of 4 / 10 to IRON.
What is the current trend direction of DISC MEDICINE INC (IRON) stock?
The current trend direction for DISC MEDICINE INC (IRON) is Bullish.
What is the RSI signal for IRON stock?
DISC MEDICINE INC (IRON) has an RSI value of 38.8668. This indicates that the stock is currently neutral.
What is the buy/sell signal for DISC MEDICINE INC (IRON) stock?
The buy/sell signal for DISC MEDICINE INC (IRON) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for DISC MEDICINE INC (IRON) stock?
DISC MEDICINE INC (IRON) has a support level at 78.13 and a resistance level at 78.52. Check the full technical report for our detailed analysis of IRON support and resistance levels.