ITRM Technical Analysis - ITERUM THERAPEUTICS PLC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to ITRM. Recently some decent action could be observed, but in the medium term time frame this is still negative. ITRM was also a bad performer in the overall market in the last year.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

93% of all other stocks performed better in the past year than ITRM.

ITRM is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 73% are performing better than ITRM.

ITRM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ITRM has a been trading in the 0.66 - 0.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ITERUM THERAPEUTICS PLC / ITRM Weekly stock chart

ITERUM THERAPEUTICS PLC / ITRM Daily stock chart

Setup Rating and Analysis

ITRM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.65

0.81

We found 2 important support areas.

Support @0.69 from a trend line in the daily time frame.
A support zone ranging from 0.66 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 0.72 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.78 from a trend line in the daily time frame.
Resistance @0.80 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	DOWN	NEGATIVE	The long term trend for ITRM is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ITRM is neutral.
ChartMill Relative Strength	7.02	NEGATIVE	ITRM has a low relative strength, it was outperformed by 92.98% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ITRM is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ITRM is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ITRM is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.82	NEUTRAL	The RSI value for ITRM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ITRM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	36.86	NEUTRAL	The Stochastics value for ITRM is a neutral value.
Average True Range in percent/ATR (20)	7.78	HIGH VOLATILITY	The high ATR as a percentage value for ITRM suggests high volalility.
Average Directional Index/ADX (14)	19.65	NEGATIVE	The low ADX value for ITRM suggests a weak or negative trend.