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 0 out of 10 to IRT. 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: 82% of all stocks are doing better.
IRT is one of the lesser performing stocks in the Residential REITs industry. 84% 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 16.59 - 17.67 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 2812930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IRT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.91, a Stop Loss order could be placed below this zone.
More info and screens
16.53
21.77
We found 1 important support area.
- A support zone ranging from 16.70 to 16.91. 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 17.21 to 17.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.55 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 | 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 | 18.01 | NEGATIVE | IRT has a low relative strength, it was outperformed by 81.99% 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) | 46.48 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 62.77 | NEUTRAL | The Stochastics value for IRT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for IRT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for IRT suggests a weak or negative 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)
17.16
-0.12 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg-0.69%
1 Week-0.92%
2 Weeks-1.38%
1 Month-1.44%
3 Month-4.61%
6 Month-15.88%
12 Month-14.67%
2 Year1.96%
3 Year-11.77%
5 Year46.54%
10 Year131.58%
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%2.19%
ATR Inc-39.75%
Range Today0.17
ADR(20)0.36
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.01
Mansfield-1.86
10 Day High17.67
10 Day Low17.03
20 Day High17.67
20 Day Low16.59
52 Week High22.26
52 Week Low16.59
CS1 End16.91
CR1 Start17.21
Volume & EV
DER(3)1.55%
DER(5)0.49%
Volume1.68M
Volume Incr-8.68%
Vol(5)2.47M
Vol(50)2.81M