IRHYTHM HOLDINGS INC (IRTC) Technical Analysis
NASDAQ:IRTC • US4500561067
Current stock price
IRTC Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to IRTC. IRTC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, IRTC is a bad performer in the overall market: 78% of all stocks are doing better.
- IRTC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IRTC is lagging the market.
- In the last month IRTC has a been trading in the 112.31 - 164.69 range, which is quite wide. It is currently trading near the lows of this range.
- IRTC is an average performer in the Health Care Equipment & Supplies industry, it outperforms 59% of 184 stocks in the same industry.
IRTC Weekly and Daily overview Charts
IRTC Setup Rating and Analysis
The technical rating of IRTC is bad and it also does not present a 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
IRTC Support and Resistance Analysis
111.87
When analyzing the support we notice one important area.
- A support zone ranging from 113.00 to 113.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @139.36 from a trend line in the daily time frame.
- Resistance @161.30 from a horizontal line in the daily time frame.
- Resistance @165.13 from a trend line in the weekly time frame.
- Resistance @186.39 from a horizontal line in the daily time frame.
IRTC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for IRTC is down. |
| ChartMill Relative Strength | 22.49 | NEGATIVE | IRTC has a low relative strength, it was outperformed by 77.51% 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) | DOWN | NEGATIVE | The current price of IRTC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IRTC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.3 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests IRTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.42 | OVERSOLD | The low Stochastics value suggests IRTC may be oversold. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for IRTC suggests high volalility. |
| Average Directional Index/ADX (14) | 35.78 | POSITIVE | The high ADX value value for IRTC suggests a strong trend. |
IRTC Chart- and CandleStick Pattern Analysis
IRTC Technicals: Chart, Performance Metrics, Trend & Indicators
117.53
+3.76 (+3.3%)
IRHYTHM HOLDINGS INC / IRTC TA FAQ
What is the ChartMill technical rating of IRHYTHM HOLDINGS INC (IRTC) stock?
ChartMill assigns a technical rating of 0 / 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 32.3023. 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 -0.606811, indicating a bearish trend.
What is the support and resistance level for IRTC stock?
IRHYTHM HOLDINGS INC (IRTC) has a support level at 113 and a resistance level at 139.36. Check the full technical report for our detailed analysis of IRTC support and resistance levels.