IRHYTHM TECHNOLOGIES INC (IRTC) Stock Technical Analysis
NASDAQ:IRTC - Nasdaq - US4500561067 - Common Stock - Currency: USD
Overall IRTC gets a technical rating of 6 out of 10. In the last year, IRTC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month IRTC has a been trading in the 129.48 - 157.13 range, which is quite wide. It is currently trading near the lows of this range.
IRTC is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. IRTC outperforms 91% of them.
IRTC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IRTC is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, IRTC did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
IRTC has an average technical rating and it also 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
111.61
156.27
When analyzing the support we can see 3 important areas.
- Support @132.87 from a horizontal line in the daily time frame.
- Support @117.88 from a trend line in the daily time frame.
- Support @112.74 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 154.72 to 154.72. 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 | DOWN | NEGATIVE | The short term trend for IRTC is down. |
| ChartMill Relative Strength | 88.81 | POSITIVE | IRTC has a high relative strength, it outperformed 88.81% 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) | 39.44 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.34 | NEGATIVE | The MACD value suggests IRTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.19 | OVERSOLD | The low Stochastics value suggests IRTC may be oversold. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for IRTC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.99 | POSITIVE | The high ADX value value for IRTC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
135.94
+1.23 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.91%
1 Week-4.58%
2 Weeks-10.97%
1 Month-7.76%
3 Month33.16%
6 Month39.14%
12 Month41.32%
2 Year29.39%
3 Year-12.09%
5 Year9.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.22
ATR(20)%3.52%
ATR Inc-3.7%
Range Today4.21
ADR(20)4.76
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.81
Mansfield2.66
10 Day High157.13
10 Day Low129.48
20 Day High157.13
20 Day Low129.48
52 Week High157.13
52 Week Low55.92
CS1 End132.87
CR1 Start154.72
Volume & EV
DER(3)1.4%
DER(5)2.12%
Volume562.20K
Volume Incr53.66%
Vol(5)621.20K
Vol(50)557.36K