IRHYTHM TECHNOLOGIES INC (IRTC) Stock Technical Analysis
NASDAQ:IRTC - US4500561067 - Common Stock
169.79 USD
+1.77 (+1.05%)
169.79 USD
0 (0%)
Overall IRTC gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that IRTC is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by IRTC over the past year are nicely spread over this period.
IRTC is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 96% of 185 stocks in the same industry.
IRTC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IRTC has a been trading in the 137.60 - 172.59 range, which is quite wide. It is currently trading near the high of this range.
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
135.32
171.50
When analyzing the support we can see 4 important areas.
- Support @168.49 from a trend line in the daily time frame.
- A support zone ranging from 157.92 to 158.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 144.72 to 144.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @136.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 169.80 to 169.80. 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 | 95.51 | POSITIVE | IRTC has a high relative strength, it outperformed 95.51% 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) | 65.33 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests IRTC has a positive trend. |
| Stochastics (14,3) | 76.84 | NEUTRAL | The Stochastics value for IRTC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for IRTC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.87 | 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)
169.79
+1.77 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.05%
1 Week4.04%
2 Weeks1.76%
1 Month21.21%
3 Month20.85%
6 Month54.13%
12 Month139.55%
2 Year64.25%
3 Year15.15%
5 Year-22.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.94
ATR(20)%3.67%
ATR Inc-29.45%
Range Today3.52
ADR(20)5.39
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.51
Mansfield4.09
10 Day High172.59
10 Day Low152.05
20 Day High172.59
20 Day Low137.6
52 Week High172.59
52 Week Low55.92
CS1 End168.49
CR1 Start169.8
Volume & EV
DER(3)-1.61%
DER(5)-0.76%
Volume318.00K
Volume Incr-27.53%
Vol(5)399.64K
Vol(50)473.50K