IRHYTHM TECHNOLOGIES INC (IRTC) Stock Technical Analysis
USA - NASDAQ:IRTC - US4500561067 - Common Stock
Taking everything into account, IRTC scores 9 out of 10 in our technical rating. In the last year, IRTC was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, IRTC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 174.59, a Stop Loss order could be placed below this zone.
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152.46
When analyzing the support we can see 3 important areas.
- A support zone ranging from 171.13 to 174.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @165.91 from a trend line in the weekly time frame.
- Support @154.00 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 178.05 to 182.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 186.39 to 187.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for IRTC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IRTC is neutral. |
| ChartMill Relative Strength | 93.79 | POSITIVE | IRTC has a high relative strength, it outperformed 93.79% off all stocks 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) | UP | MIXED | The current price of IRTC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IRTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.45 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.02 | NEGATIVE | The MACD value suggests IRTC has a negative trend. |
| Stochastics (14,3) | 11.23 | OVERSOLD | The low Stochastics value suggests IRTC may be oversold. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for IRTC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.02 | NEGATIVE | The low ADX value for IRTC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 182.08 | 171.71 | 10.37 (5.70%) | 17.56% |
| An entry @182.08. This is a Buy Stop order right above the resistance zone. | An exit @171.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.37 points, which is 5.70%. | When investing 17.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of IRTC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
174.6
-2.8 (-1.58%)
IRHYTHM TECHNOLOGIES INC / IRTC FAQ
What is the ChartMill technical rating of IRHYTHM TECHNOLOGIES INC (IRTC) stock?
ChartMill assigns a technical rating of 9 / 10 to IRTC.
What is the trend direction for IRTC stock?
The current trend direction for IRHYTHM TECHNOLOGIES INC (IRTC) is Bullish.
What is the RSI signal for IRTC stock?
IRHYTHM TECHNOLOGIES INC (IRTC) has an RSI value of 42.4545. This indicates that the stock is currently neutral.
Can you provide the MACD signal for IRHYTHM TECHNOLOGIES INC?
The MACD indicator for IRHYTHM TECHNOLOGIES INC (IRTC) has a value of -1.01571, indicating a bearish trend.
Can you provide the short term momentum for IRHYTHM TECHNOLOGIES INC?
The short term momentum for IRHYTHM TECHNOLOGIES INC (IRTC) is neutral.