INDEPENDENCE REALTY TRUST IN (IRT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IRT - US45378A1060 - REIT
Taking everything into account, IRT scores 6 out of 10 in our technical rating. In the last year, IRT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
IRT has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.77
When analyzing the support we can see 4 important areas.
- Support @17.61 from a horizontal line in the daily time frame.
- A support zone ranging from 17.01 to 17.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.36 from a horizontal line in the daily time frame.
- A support zone ranging from 15.93 to 16.05. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.78 to 17.78. 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 | UP | POSITIVE | The short term trend for IRT is up. |
| ChartMill Relative Strength | 38.33 | NEUTRAL | IRT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of IRT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IRT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.95 | NEUTRAL | The RSI value for IRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests IRT has a positive trend. |
| Stochastics (14,3) | 97.48 | OVERBOUGHT | The high Stochastics value suggests IRT may be overbought. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for IRT suggests low volalility. |
| Average Directional Index/ADX (14) | 16.98 | NEGATIVE | The low ADX value for IRT suggests a weak or negative trend. |
17.77
+0.15 (+0.85%)
INDEPENDENCE REALTY TRUST IN / IRT FAQ
What is the technical rating for IRT stock?
ChartMill assigns a technical rating of 6 / 10 to IRT.
Can you provide the trend direction for INDEPENDENCE REALTY TRUST IN?
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 67.9467. This indicates that the stock is currently neutral.
What is the MACD signal for IRT stock?
The MACD indicator for INDEPENDENCE REALTY TRUST IN (IRT) has a value of 0.0666572, indicating a bearish trend.