DISC MEDICINE INC (IRON) Stock Technical Analysis
NASDAQ:IRON • US2546041011
We assign a technical rating of 1 out of 10 to IRON. IRON has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month IRON has a been trading in the 69.17 - 83.93 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, IRON turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- IRON is part of the Biotechnology industry. There are 523 other stocks in this industry, IRON did better than 59% of them.
- IRON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IRON is lagging the market.
Although the technical rating is bad, IRON does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 70.93, a Stop Loss order could be placed below this zone.
More info and screens
48.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 70.93 to 70.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.57 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 76.65 to 78.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 79.72 to 82.14. 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 | NEUTRAL | NEUTRAL | The long term trend for IRON is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IRON is down. |
| ChartMill Relative Strength | 58.56 | NEUTRAL | IRON is not amongst the best or worst performers 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) | 39.24 | NEUTRAL | The RSI value for IRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests IRON has a negative trend. |
| Stochastics (14,3) | 12.29 | OVERSOLD | The low Stochastics value suggests IRON may be oversold. |
| Average True Range in percent/ATR (20) | 5.91 | HIGH VOLATILITY | The high ATR as a percentage value for IRON suggests high volalility. |
| Average Directional Index/ADX (14) | 24.69 | NEUTRAL | The ADX value for IRON suggests a possible start of a new trend. |
71.65
-0.34 (-0.47%)
DISC MEDICINE INC / IRON FAQ
Can you provide the ChartMill technical rating for DISC MEDICINE INC?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for IRON stock?
DISC MEDICINE INC (IRON) has an RSI value of 39.2356. This indicates that the stock is currently neutral.
What are the support and resistance levels for DISC MEDICINE INC (IRON) stock?
DISC MEDICINE INC (IRON) has a support level at 70.93 and a resistance level at 76.65. Check the full technical report for our detailed analysis of IRON support and resistance levels.