IRHYTHM HOLDINGS INC (IRTC) Stock Technical Analysis
NASDAQ:IRTC • US4500561067
Taking everything into account, IRTC scores 1 out of 10 in our technical rating. IRTC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- 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.
- In the last month IRTC has a been trading in the 138.03 - 164.69 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the performance of all stocks over the past year, IRTC turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
- IRTC is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, IRTC did better than 67% of them.
- IRTC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IRTC is lagging the market.
- Volume is considerably higher in the last couple of days.
IRTC has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
139.80
We found 1 important support area.
- A support zone ranging from 141.21 to 141.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 149.87 to 151.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 158.67 to 158.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @169.42 from a trend line in the weekly time frame.
- Resistance @186.39 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 IRTC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IRTC is neutral. |
| ChartMill Relative Strength | 45.78 | NEUTRAL | IRTC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IRTC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IRTC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IRTC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.13 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests IRTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.31 | NEUTRAL | The Stochastics value for IRTC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for IRTC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.29 | NEUTRAL | The ADX value for IRTC suggests a possible start of a new trend. |
141.22
-9.74 (-6.45%)
IRHYTHM HOLDINGS INC / IRTC FAQ
What is the ChartMill technical rating of IRHYTHM HOLDINGS INC (IRTC) stock?
ChartMill assigns a technical rating of 1 / 10 to IRTC.
Can you provide the trend direction for IRHYTHM HOLDINGS INC?
The current trend direction for IRHYTHM HOLDINGS INC (IRTC) is Bearish.
What is the RSI signal for IRTC stock?
IRHYTHM HOLDINGS INC (IRTC) has an RSI value of 38.1319. This indicates that the stock is currently neutral.
What is the MACD signal for IRHYTHM HOLDINGS INC (IRTC) stock?
The MACD indicator for IRHYTHM HOLDINGS INC (IRTC) has a value of 0.40535, indicating a bearish trend.
What is the support and resistance level for IRTC stock?
IRHYTHM HOLDINGS INC (IRTC) has a support level at 141.21 and a resistance level at 149.87. Check the full technical report for our detailed analysis of IRTC support and resistance levels.