IRHYTHM HOLDINGS INC (IRTC) Stock Technical Analysis
NASDAQ:IRTC • US4500561067
Overall IRTC gets a technical rating of 0 out of 10. IRTC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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: 69% of all stocks are doing better.
- In the last month IRTC has a been trading in the 135.53 - 164.69 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- IRTC is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, IRTC did better than 62% of them.
- IRTC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IRTC is lagging the market.
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
135.73
4 important resistance areas can be observed.
- A resistance zone ranging from 148.73 to 150.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 155.63 to 158.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @169.42 from a trend line in the weekly time frame.
- Resistance @186.39 from a horizontal line in the daily time frame.
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 | 31.88 | NEUTRAL | IRTC is not amongst the best or worst performers 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) | UP | MIXED | The current price of IRTC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.7 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests IRTC has a negative trend. |
| Stochastics (14,3) | 18.49 | OVERSOLD | The low Stochastics value suggests IRTC may be oversold. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for IRTC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.59 | NEUTRAL | The ADX value for IRTC suggests a possible start of a new trend. |
137.1
-4.12 (-2.92%)
IRHYTHM HOLDINGS INC / IRTC 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 35.6989. 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 -0.263843, indicating a bearish trend.
What is the support and resistance level for IRTC stock?
IRHYTHM HOLDINGS INC (IRTC) has a resistance level at 148.73. Check the full technical report for our detailed analysis of IRTC support and resistance levels.