IRWD Technical Analysis - IRONWOOD PHARMACEUTICALS INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to IRWD. In the last year, IRWD was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

IRWD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month IRWD has a been trading in the 1.25 - 1.94 range, which is quite wide. It is currently trading near the high of this range.

IRWD has an average volume of 1411310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, IRWD did better than 85% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

IRWD is an average performer in the Biotechnology industry, it outperforms 66% of 536 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

IRONWOOD PHARMACEUTICALS INC / IRWD Weekly stock chart

IRONWOOD PHARMACEUTICALS INC / IRWD Daily stock chart

Setup Rating and Analysis

Although IRWD has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.95

1.60

When analyzing the support we can see 2 important areas.

A support zone ranging from 1.42 to 1.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @0.96 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for IRWD is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IRWD is up.
ChartMill Relative Strength	85.12	POSITIVE	IRWD has a high relative strength, it outperformed 85.12% 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	MIXED	The current price of IRWD is above a declining SMA(200).
Relative Strength Index/RSI (14)	58.17	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, although the MACD value is declining.
Stochastics (14,3)	71.96	NEUTRAL	The Stochastics value for IRWD is a neutral value.
Average True Range in percent/ATR (20)	9.35	HIGH VOLATILITY	The high ATR as a percentage value for IRWD suggests high volalility.
Average Directional Index/ADX (14)	42.12	POSITIVE	The high ADX value value for IRWD suggests a strong trend.