Taking everything into account, IRTC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IRTC is showing a nice and steady performance.
Although IRTC has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
165.51
We found 1 important support area.
- A support zone ranging from 167.18 to 179.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 188.02 to 189.26. 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 | UP | POSITIVE | The short term trend for IRTC is up. |
| ChartMill Relative Strength | 90.93 | POSITIVE | IRTC has a high relative strength, it outperformed 90.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IRTC is above a declining 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) | 50.99 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.07 | POSITIVE | The MACD value suggests IRTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.15 | NEUTRAL | The Stochastics value for IRTC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for IRTC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.82 | NEGATIVE | The low ADX value for IRTC suggests a weak or negative trend. |
179.43
-9.82 (-5.19%)
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.
Can you provide the trend direction for IRHYTHM TECHNOLOGIES INC?
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 50.9903. This indicates that the stock is currently neutral.
What is the MACD signal for IRHYTHM TECHNOLOGIES INC (IRTC) stock?
The MACD indicator for IRHYTHM TECHNOLOGIES INC (IRTC) has a value of 1.07365, indicating a bullish trend.
What is the support and resistance level for IRTC stock?
IRHYTHM TECHNOLOGIES INC (IRTC) has a support level at 179.14 and a resistance level at 188.02. Check the full technical report for our detailed analysis of IRTC support and resistance levels.