ITRM Technical Analysis - ITERUM THERAPEUTICS PLC

Technical Rating and Analysis

Overall ITRM gets a technical rating of 0 out of 10. ITRM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

95% of all other stocks performed better in the past year than ITRM.

ITRM is one of the lesser performing stocks in the Pharmaceuticals industry. 77% of 196 stocks in the same industry do better.

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 0.61 - 0.90 range, which is quite wide. It is currently trading near the lows of this range.

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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. There is a support zone below the current price at 0.68, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.66

0.84

When analyzing the support we notice one important area.

A support zone ranging from 0.67 to 0.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 0.69 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.83 from a trend line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The short term trend for ITRM is down.
ChartMill Relative Strength	5.59	NEGATIVE	ITRM has a low relative strength, it was outperformed by 94.41% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ITRM is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ITRM is below a declining 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)	42.41	NEUTRAL	The RSI value for ITRM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests ITRM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	49.36	NEUTRAL	The Stochastics value for ITRM is a neutral value.
Average True Range in percent/ATR (20)	8.38	HIGH VOLATILITY	The high ATR as a percentage value for ITRM suggests high volalility.
Average Directional Index/ADX (14)	16.66	NEGATIVE	The low ADX value for ITRM suggests a weak or negative trend.