IRSA -SP ADR (IRS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IRS - US4500473032 - ADR
We assign a technical rating of 9 out of 10 to IRS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IRS is showing a nice and steady performance.
Besides having an excellent technical rating, IRS also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 16.62. Right above this resistance zone may be a good entry point.
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11.39
5 important support areas can be observed.
- A support zone ranging from 15.86 to 15.86. 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 15.15 to 15.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.08 from a horizontal line in the daily time frame.
- Support @12.16 from a trend line in the weekly time frame.
- Support @11.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.62 to 16.79. 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 | UP | POSITIVE | The long term trend for IRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRS is up. |
| ChartMill Relative Strength | 81.02 | POSITIVE | IRS has a high relative strength, it outperformed 81.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IRS is above 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) | 58.2 | NEUTRAL | The RSI value for IRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.79 | NEUTRAL | The Stochastics value for IRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for IRS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.48 | NEGATIVE | The low ADX value for IRS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.80 | 15.85 | 0.95 (5.65%) | 17.68% |
| An entry @16.80. This is a Buy Stop order right above the resistance zone. | An exit @15.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.95 points, which is 5.65%. | For a 1.00% total portfolio risk, you can invest 17.68% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.35
-0.14 (-0.85%)
IRSA -SP ADR / IRS FAQ
What is the technical rating for IRS stock?
ChartMill assigns a technical rating of 9 / 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 58.1986. 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 positive.
What is the buy/sell signal for IRSA -SP ADR (IRS) stock?
The buy/sell signal for IRSA -SP ADR (IRS) is buy as both the short term and long term trends are positive.