INDEPENDENCE REALTY TRUST IN (IRT) Technical Analysis
NYSE:IRT • US45378A1060
Taking everything into account, IRT scores 2 out of 10 in our technical rating. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, IRT is a bad performer in the overall market: 79% of all stocks are doing better.
- IRT is one of the lesser performing stocks in the Residential REITs industry. 63% of 20 stocks in the same industry do better.
- 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.
- In the last month IRT has a been trading in the 15.83 - 17.26 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- IRT has an average volume of 2972240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, IRT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.68, a Stop Loss order could be placed below this zone.
More info and screens
15.77
2 important support areas can be observed.
- A support zone ranging from 16.36 to 16.68. 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 15.93 to 16.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.74 to 17.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.53 to 17.88. 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 | DOWN | NEGATIVE | The long term trend for IRT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IRT is neutral. |
| ChartMill Relative Strength | 21.32 | NEGATIVE | IRT has a low relative strength, it was outperformed by 78.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRT is above the rising 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) | 51.38 | NEUTRAL | The RSI value for IRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests IRT has a positive trend. |
| Stochastics (14,3) | 58.18 | NEUTRAL | The Stochastics value for IRT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for IRT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.04 | NEUTRAL | The ADX value for IRT suggests a possible start of a new trend. |
IRT Technicals: Chart, Performance Metrics, Trend & Indicators
16.74
+0.21 (+1.27%)
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 51.3847. 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 16.68 and a resistance level at 16.74. Check the full technical report for our detailed analysis of IRT support and resistance levels.