Overall IRTC gets a technical rating of 6 out of 10. IRTC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
IRTC has only a medium technical rating, but it does show 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 175.06, a Stop Loss order could be placed below this zone.
More info and screens
165.51
We found 1 important support area.
- A support zone ranging from 167.18 to 175.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 176.29 to 177.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 186.39 to 188.31. 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 | NEUTRAL | NEUTRAL | The short term trend for IRTC is neutral. |
| ChartMill Relative Strength | 93.43 | POSITIVE | IRTC has a high relative strength, it outperformed 93.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IRTC is above 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 | POSITIVE | The current price of IRTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.89 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests IRTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.62 | NEUTRAL | The Stochastics value for IRTC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for IRTC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.68 | NEGATIVE | The low ADX value for IRTC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 177.24 | 167.17 | 10.07 (5.68%) | 17.60% |
| An entry @177.24. This is a Buy Stop order right above the resistance zone. | An exit @167.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.07 points, which is 5.68%. | When investing 17.60% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
175.22
-2.22 (-1.25%)
IRHYTHM TECHNOLOGIES INC / IRTC FAQ
What is the ChartMill technical rating of IRHYTHM TECHNOLOGIES INC (IRTC) stock?
ChartMill assigns a technical rating of 6 / 10 to IRTC.
Can you provide the trend direction for IRHYTHM TECHNOLOGIES INC?
The current trend direction for IRHYTHM TECHNOLOGIES INC (IRTC) is Bullish.
What is the RSI signal for IRTC stock?
IRHYTHM TECHNOLOGIES INC (IRTC) has an RSI value of 48.8933. This indicates that the stock is currently neutral.
What is the MACD signal for IRHYTHM TECHNOLOGIES INC (IRTC) stock?
The MACD indicator for IRHYTHM TECHNOLOGIES INC (IRTC) has a value of 0.57078, indicating a bearish trend.
What is the support and resistance level for IRTC stock?
IRHYTHM TECHNOLOGIES INC (IRTC) has a support level at 175.06 and a resistance level at 176.29. Check the full technical report for our detailed analysis of IRTC support and resistance levels.