Itamar Medical Ltd (ITMR) Technical Analysis
NASDAQ:ITMR
Current stock price
ITMR Technical Rating and Analysis
Overall ITMR gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ITMR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ITMR is one of the better performing stocks in the market, outperforming 89% of all stocks.
- ITMR is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 95% of 187 stocks in the same industry.
- ITMR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ITMR has a been trading in a tight range between 30.54 and 30.91.
- Volume is considerably higher in the last couple of days.
ITMR Weekly and Daily overview Charts
ITMR Setup Rating and Analysis
Although ITMR 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.
More info and screens
ITMR Support and Resistance Analysis
17.82
3 important support areas can be observed.
- A support zone ranging from 30.20 to 30.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.07 from a trend line in the weekly time frame.
- Support @18.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.88 to 30.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
ITMR 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 | UP | POSITIVE | The long term trend for ITMR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITMR is up. |
| ChartMill Relative Strength | 89.6 | POSITIVE | ITMR has a high relative strength, it outperformed 89.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITMR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ITMR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ITMR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.99 | NEUTRAL | The RSI value for ITMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ITMR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.36 | NEUTRAL | The Stochastics value for ITMR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.43 | LOW VOLATILITY | The low ATR as a percentage value for ITMR suggests low volalility. |
ITMR Chart- and CandleStick Pattern Analysis
ITMR Example Setup
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 |
|---|---|---|---|
| 30.89 | 30.53 | 0.36 (1.17%) | 25.00% |
| An entry @30.89. This is a Buy Stop order right above the resistance zone. | An exit @30.53. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.36 points, which is 1.17%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.29%. |
- 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.
ITMR Technicals: Chart, Performance Metrics, Trend & Indicators
30.87
+0.25 (+0.82%)
Itamar Medical Ltd / ITMR TA FAQ
What is the ChartMill technical rating of Itamar Medical Ltd (ITMR) stock?
ChartMill assigns a technical rating of 8 / 10 to ITMR.
Can you provide the trend direction for Itamar Medical Ltd?
The current trend direction for Itamar Medical Ltd (ITMR) is Bullish.
What is the RSI signal for Itamar Medical Ltd (ITMR) stock?
Itamar Medical Ltd (ITMR) has an RSI value of 65.9894. This indicates that the stock is currently neutral.
What is the MACD signal for Itamar Medical Ltd (ITMR) stock?
The MACD indicator for Itamar Medical Ltd (ITMR) has a value of -0.0211812, indicating a bearish trend.
What are the support and resistance levels for Itamar Medical Ltd (ITMR) stock?
Itamar Medical Ltd (ITMR) has a support level at 30.72 and a resistance level at 30.88. Check the full technical report for our detailed analysis of ITMR support and resistance levels.