INDEPENDENCE REALTY TRUST IN (IRT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IRT - US45378A1060 - REIT
Overall IRT gets a technical rating of 2 out of 10. IRT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 72% of all other stocks performed better in the past year than IRT.
- IRT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- IRT has an average volume of 2609240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- IRT is part of the Residential REITs industry. There are 20 other stocks in this industry, IRT did better than 63% of them.
- In the last month IRT has a been trading in the 16.55 - 17.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IRT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
15.77
2 important support areas can be observed.
- Support @16.36 from a horizontal line in the daily time frame.
- Support @15.93 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.00 to 17.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.60 to 17.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.59 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for IRT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IRT is neutral. |
| ChartMill Relative Strength | 28.86 | NEGATIVE | IRT has a low relative strength, it was outperformed by 71.14% off all stocks 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) | UP | MIXED | The current price of IRT is below the rising 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) | 43.58 | NEUTRAL | The RSI value for IRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests IRT has a negative trend. |
| Stochastics (14,3) | 29.91 | NEUTRAL | The Stochastics value for IRT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for IRT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.63 | NEGATIVE | The low ADX value for IRT suggests a weak or negative trend. |
16.81
-0.25 (-1.47%)
INDEPENDENCE REALTY TRUST IN / IRT FAQ
What is the technical rating for IRT stock?
ChartMill assigns a technical rating of 2 / 10 to IRT.
What is the trend direction for IRT stock?
The current trend direction for INDEPENDENCE REALTY TRUST IN (IRT) is Bearish.
Can you provide the RSI signal for INDEPENDENCE REALTY TRUST IN?
INDEPENDENCE REALTY TRUST IN (IRT) has an RSI value of 43.5784. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INDEPENDENCE REALTY TRUST IN?
The short term momentum for INDEPENDENCE REALTY TRUST IN (IRT) is neutral.
What are the support and resistance levels for INDEPENDENCE REALTY TRUST IN (IRT) stock?
INDEPENDENCE REALTY TRUST IN (IRT) has a support level at 16.36 and a resistance level at 17. Check the full technical report for our detailed analysis of IRT support and resistance levels.