IRHYTHM TECHNOLOGIES INC (IRTC) Stock Technical Analysis
NASDAQ:IRTC - Nasdaq - US4500561067 - Common Stock - Currency: USD
We assign a technical rating of 10 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.
Looking at the yearly performance, IRTC did better than 92% of all other stocks.
IRTC is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 94% of 187 stocks in the same industry.
IRTC is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IRTC is leading the market.
In the last month IRTC has a been trading in the 137.98 - 150.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, IRTC also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
96.79
150.03
5 important support areas can be observed.
- A support zone ranging from 143.84 to 144.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @140.49 from a horizontal line in the weekly time frame.
- Support @112.94 from a trend line in the daily time frame.
- Support @109.01 from a trend line in the daily time frame.
- Support @97.77 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 145.99 to 148.54. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 92.78 | POSITIVE | IRTC has a high relative strength, it outperformed 92.78% 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) | 63.05 | NEUTRAL | The RSI value for IRTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.14 | NEGATIVE | The MACD value suggests IRTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.76 | NEUTRAL | The Stochastics value for IRTC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for IRTC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.62 | 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)
145.53
+0.58 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.4%
1 Week-1.26%
2 Weeks1.18%
1 Month3.06%
3 Month39.28%
6 Month61%
12 Month41.26%
2 Year39.5%
3 Year34.71%
5 Year25.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.55
ATR(20)%2.69%
ATR Inc21.39%
Range Today3.33
ADR(20)3.81
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.78
Mansfield4.39
10 Day High150
10 Day Low141.19
20 Day High150
20 Day Low137.98
52 Week High150
52 Week Low55.92
CS1 End144.24
CR1 Start145.99
Volume & EV
DER(3)1.14%
DER(5)1.18%
Volume279.10K
Volume Incr-33.66%
Vol(5)364.70K
Vol(50)514.93K