INDEPENDENCE REALTY TRUST IN (IRT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IRT - US45378A1060 - REIT
We assign a technical rating of 2 out of 10 to IRT. Recently some decent action could be observed, but in the medium term time frame this is still negative. IRT was also a bad performer in the overall market in the last year.
IRT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.87, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.77
We found 2 important support areas.
- A support zone ranging from 16.36 to 16.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.93 to 16.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.10 to 17.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
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 | 20.82 | NEGATIVE | IRT has a low relative strength, it was outperformed by 79.18% 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) | UP | POSITIVE | The current price of IRT is above 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) | 57.3 | NEUTRAL | The RSI value for IRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests IRT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.13 | NEUTRAL | The Stochastics value for IRT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for IRT suggests low volalility. |
| Average Directional Index/ADX (14) | 22.89 | NEUTRAL | The ADX value for IRT suggests a possible start of a new trend. |
17.01
+0.21 (+1.25%)
INDEPENDENCE REALTY TRUST IN / IRT FAQ
What is the technical rating for IRT stock?
ChartMill assigns a technical rating of 2 / 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 57.3002. 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 -0.028529, indicating a bearish trend.