IRS Technical Analysis - IRSA -SP ADR

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to IRS. IRS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, IRS is a bad performer in the overall market: 68% of all stocks are doing better.

IRS is one of the lesser performing stocks in the Real Estate Management & Development industry. 60% of 64 stocks in the same industry do better.

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.

In the last month IRS has a been trading in the 11.29 - 15.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

IRS has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.38

16.26

We found 3 important support areas.

A support zone ranging from 12.96 to 13.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @11.87 from a horizontal line in the weekly time frame.
A support zone ranging from 11.49 to 11.50. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 3 important areas.

Resistance @14.71 from a horizontal line in the daily time frame.
Resistance @15.42 from a trend line in the weekly time frame.
Resistance @16.10 from a horizontal line in the daily 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	DOWN	NEGATIVE	The long term trend for IRS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for IRS is down.
ChartMill Relative Strength	32.04	NEUTRAL	IRS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of IRS is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of IRS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of IRS is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.63	NEUTRAL	The RSI value for IRS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests IRS has a positive trend.
Stochastics (14,3)	36.32	NEUTRAL	The Stochastics value for IRS is a neutral value.
Average True Range in percent/ATR (20)	6.69	HIGH VOLATILITY	The high ATR as a percentage value for IRS suggests high volalility.
Average Directional Index/ADX (14)	28.38	POSITIVE	The high ADX value value for IRS suggests a strong trend.