IRT Technical Analysis - INDEPENDENCE REALTY TRUST IN

Technical Rating and Analysis

Overall IRT gets a technical rating of 0 out of 10. IRT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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

81% of all other stocks performed better in the past year than IRT.

IRT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month IRT has a been trading in the 15.87 - 17.43 range, which is quite wide. It is currently trading near the lows of this range.

IRT has an average volume of 2718450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

IRT is part of the Residential REITs industry. There are 20 other stocks in this industry, IRT did better than 42% of them.

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

INDEPENDENCE REALTY TRUST IN / IRT Weekly stock chart

INDEPENDENCE REALTY TRUST IN / IRT Daily stock chart

Setup Rating and Analysis

IRT has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.95

18.78

When analyzing the support we notice one important area.

A support zone ranging from 16.11 to 16.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 17.12 to 17.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 17.88 to 18.11. 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.

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What is Support and Resistance

Support and Resistance indicators

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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 IRT is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for IRT is down.
ChartMill Relative Strength	19.21	NEGATIVE	IRT has a low relative strength, it was outperformed by 80.79% 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)	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)	34.05	NEUTRAL	The RSI value for IRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests IRT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.41	OVERSOLD	The low Stochastics value suggests IRT may be oversold.
Average True Range in percent/ATR (20)	1.9	LOW VOLATILITY	The low ATR as a percentage value for IRT suggests low volalility.
Average Directional Index/ADX (14)	34.4	POSITIVE	The high ADX value value for IRT suggests a strong trend.