IRONWOOD PHARMACEUTICALS INC (IRWD) Stock Technical Analysis
NASDAQ:IRWD - Nasdaq - US46333X1081 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to IRWD. Recently some decent action could be observed, but in the medium term time frame this is still negative. IRWD was also a bad performer in the overall market in the last year.
IRWD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IRWD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.68
When analyzing the support we notice one important area.
- A support zone ranging from 0.69 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.81 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 IRWD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IRWD is neutral. |
| ChartMill Relative Strength | 1.38 | NEGATIVE | IRWD has a low relative strength, it was outperformed by 98.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRWD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IRWD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IRWD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.5 | NEUTRAL | The RSI value for IRWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IRWD has a positive trend. |
| Stochastics (14,3) | 71.01 | NEUTRAL | The Stochastics value for IRWD is a neutral value. |
| Average True Range in percent/ATR (20) | 9.89 | HIGH VOLATILITY | The high ATR as a percentage value for IRWD suggests high volalility. |
| Average Directional Index/ADX (14) | 25.63 | POSITIVE | The high ADX value value for IRWD suggests a strong trend. |
0.766
+0.03 (+3.56%)