IRSA -SP ADR (IRS) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:IRS • US4500473032
Taking everything into account, IRS scores 5 out of 10 in our technical rating. IRS has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month IRS has a been trading in the 15.68 - 19.14 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- IRS is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 72% of 63 stocks in the same industry.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When compared to the yearly performance of all other stocks, IRS outperforms 54% of them, which is more or less in line with the market.
- IRS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IRS is lagging the market.
Although the technical rating is only medium, IRS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.89, a Stop Loss order could be placed below this zone.
More info and screens
12.32
We found 2 important support areas.
- A support zone ranging from 15.84 to 15.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.94 to 16.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.40 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 IRS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IRS is down. |
| ChartMill Relative Strength | 54.16 | NEUTRAL | IRS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IRS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.36 | NEUTRAL | The RSI value for IRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests IRS has a negative trend. |
| Stochastics (14,3) | 8.19 | OVERSOLD | The low Stochastics value suggests IRS may be oversold. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for IRS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.85 | NEGATIVE | The low ADX value for IRS suggests a weak or negative trend. |
15.9
-0.24 (-1.49%)
IRSA -SP ADR / IRS FAQ
What is the technical rating for IRS stock?
ChartMill assigns a technical rating of 5 / 10 to IRS.
What is the current trend direction of IRSA -SP ADR (IRS) stock?
The current trend direction for IRSA -SP ADR (IRS) is Bullish.
What is the RSI signal for IRSA -SP ADR (IRS) stock?
IRSA -SP ADR (IRS) has an RSI value of 42.357. This indicates that the stock is currently neutral.
What is the short term momentum for IRS stock?
The short term momentum for IRSA -SP ADR (IRS) is negative.
What is the buy/sell signal for IRSA -SP ADR (IRS) stock?
The buy/sell signal for IRSA -SP ADR (IRS) is hold as the short term and long term trends are mixed.