IRON Technical Analysis - DISC MEDICINE INC

Technical Rating and Analysis

We assign a technical rating of 10 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!

When comparing the yearly performance of all stocks, we notice that IRON is one of the better performing stocks in the market, outperforming 86% of all stocks.

IRON is one of the better performing stocks in the Biotechnology industry, it outperforms 71% of 536 stocks in the same industry.

IRON is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month IRON has a been trading in the 58.36 - 72.68 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DISC MEDICINE INC / IRON Weekly stock chart

DISC MEDICINE INC / IRON Daily stock chart

Setup Rating and Analysis

Although IRON has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

44.09

71.46

We found 3 important support areas.

A support zone ranging from 63.91 to 64.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 59.82 to 61.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @44.54 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	86.95	POSITIVE	IRON has a high relative strength, it outperformed 86.95% off all stocks 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	POSITIVE	The current price of IRON is above the rising SMA(200).
Relative Strength Index/RSI (14)	71.5	OVERBOUGHT	The high RSI value suggests IRON may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.59	POSITIVE	The MACD value suggests IRON has a positive trend.
Stochastics (14,3)	85.38	OVERBOUGHT	The high Stochastics value suggests IRON may be overbought.
Average True Range in percent/ATR (20)	3.71	MEDIUM VOLATILITY	The ATR as a percentage value for IRON suggests some volalility.
Average Directional Index/ADX (14)	48.73	POSITIVE	The high ADX value value for IRON suggests a strong trend.