IRHYTHM TECHNOLOGIES INC (IRTC) Stock Technical Analysis
NASDAQ:IRTC - Nasdaq - US4500561067 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to IRTC. 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.
IRTC is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry. IRTC outperforms 93% of them.
A new 52 week high is currently being made by IRTC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so IRTC is leading the market.
In the last month IRTC has a been trading in the 104.53 - 144.25 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that IRTC is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Besides having an excellent technical rating, IRTC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 142.68, a Stop Loss order could be placed below this zone.
More info and screens
96.79
144.13
When analyzing the support we can see 4 important areas.
- A support zone ranging from 139.86 to 142.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @107.36 from a trend line in the daily time frame.
- Support @102.79 from a trend line in the daily time frame.
- Support @97.77 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 142.70 to 142.70. 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 | 94.53 | POSITIVE | IRTC has a high relative strength, it outperformed 94.53% 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) | 80.08 | OVERBOUGHT | The high RSI value suggests IRTC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests IRTC has a negative trend. |
| Stochastics (14,3) | 89.37 | OVERBOUGHT | The high Stochastics value suggests IRTC may be overbought. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for IRTC suggests some volalility. |
| Average Directional Index/ADX (14) | 47.03 | 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)
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 |
|---|---|---|---|
| 142.71 | 139.85 | 2.86 (2.00%) | 25.00% |
| An entry @142.71. This is a Buy Stop order right above the resistance zone. | An exit @139.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.86 points, which is 2.00%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IRTC. Please evaluate whether better entry and exit points can be found.
- 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.
142.69
+0.25 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.18%
1 Week1.2%
2 Weeks3.62%
1 Month34.63%
3 Month19.47%
6 Month92.85%
12 Month60.43%
2 Year24.87%
3 Year1.31%
5 Year14.79%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.63
ATR(20)%3.4%
ATR Inc-14.18%
Range Today5.18
ADR(20)4.31
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.53
Mansfield4.99
10 Day High144.25
10 Day Low137.36
20 Day High144.25
20 Day Low104.53
52 Week High144.25
52 Week Low55.92
CS1 End142.68
CR1 Start142.7
Volume & EV
DER(3)0.11%
DER(5)0.77%
Volume346.90K
Volume Incr-7.22%
Vol(5)543.50K
Vol(50)467.79K