INDEPENDENCE REALTY TRUST IN (IRT) Stock Technical Analysis
NYSE:IRT - New York Stock Exchange, Inc. - US45378A1060 - REIT - Currency: USD
We assign a technical rating of 1 out of 10 to IRT. IRT 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 IRT has a been trading in the 17.88 - 19.83 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.
IRT has an average volume of 1980870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, IRT outperforms 47% of them, which is more or less in line with the market.
IRT is part of the Residential REITs industry. There are 20 other stocks in this industry, IRT did better than 57% of them.
IRT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IRT is lagging the market slightly.
The technical rating of IRT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.64
22.06
We found 1 important support area.
- A support zone ranging from 17.82 to 17.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.91 to 19.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.55 to 21.84. 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 | NEUTRAL | NEUTRAL | The long term trend for IRT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IRT is down. |
| ChartMill Relative Strength | 47.07 | NEUTRAL | IRT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IRT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IRT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IRT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.72 | NEUTRAL | The RSI value for IRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests IRT has a negative trend. |
| Stochastics (14,3) | 5.54 | OVERSOLD | The low Stochastics value suggests IRT may be oversold. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for IRT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.83 | NEUTRAL | The ADX value for IRT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
17.99
-0.26 (-1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg-1.42%
1 Week-8.17%
2 Weeks-5.86%
1 Month-8.12%
3 Month-11.81%
6 Month-17.29%
12 Month8.96%
2 Year4.17%
3 Year-23.48%
5 Year81.9%
10 Year103.74%
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%2.35%
ATR Inc-15.59%
Range Today0.37
ADR(20)0.39
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.07
Mansfield-1.03
10 Day High19.61
10 Day Low17.88
20 Day High19.83
20 Day Low17.88
52 Week High22.26
52 Week Low15.66
CS1 End17.98
CR1 Start18.91
Volume & EV
DER(3)0.03%
DER(5)-0.08%
Volume2.08M
Volume Incr-8.18%
Vol(5)1.65M
Vol(50)1.98M