Taking everything into account, IRTC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, IRTC has proven to be a steady performer, scoring decent points in every aspect analyzed.
IRTC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 186.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 177.80, a Stop Loss order could be placed below this zone.
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159.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 174.37 to 177.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 170.81 to 171.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 167.18 to 167.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @160.92 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 186.39 to 188.31. 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 | UP | POSITIVE | The short term trend for IRTC is up. |
| ChartMill Relative Strength | 94.43 | POSITIVE | IRTC has a high relative strength, it outperformed 94.43% 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) | UP | POSITIVE | The current price of IRTC is above 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) | 54.99 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1 | POSITIVE | The MACD value suggests IRTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.53 | NEUTRAL | The Stochastics value for IRTC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for IRTC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.41 | 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 |
|---|---|---|---|
| 188.32 | 174.36 | 13.96 (7.41%) | 13.49% |
| An entry @188.32. This is a Buy Stop order right above the resistance zone. | An exit @174.36. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 13.96 points, which is 7.41%. | For a 1.00% total portfolio risk, you can invest 13.49% of your capital in this trade. |
- 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.
183.04
+1.17 (+0.64%)
IRHYTHM TECHNOLOGIES INC / IRTC FAQ
What is the ChartMill technical rating of IRHYTHM TECHNOLOGIES INC (IRTC) stock?
ChartMill assigns a technical rating of 10 / 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 54.9919. 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 1.00189, indicating a bullish trend.
Can you provide the short term momentum for IRHYTHM TECHNOLOGIES INC?
The short term momentum for IRHYTHM TECHNOLOGIES INC (IRTC) is positive.