IRIDIUM COMMUNICATIONS INC (IRDM) Stock Technical Analysis
NASDAQ:IRDM - Nasdaq - US46269C1027 - Common Stock - Currency: USD
Taking everything into account, IRDM scores 7 out of 10 in our technical rating. In the last year, IRDM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
IRDM has an average volume of 1098570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that IRDM is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
IRDM is part of the Diversified Telecommunication Services industry. There are 32 other stocks in this industry, IRDM did better than 64% of them.
IRDM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IRDM is lagging the market.
In the last month IRDM has a been trading in the 27.43 - 34.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although IRDM 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
26.93
31.95
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.32 to 29.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.76 to 28.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.20 to 27.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.48 to 31.63. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.42
Mansfield0.13
10 Day High34.45
10 Day Low27.44
20 Day High34.45
20 Day Low27.44
52 Week High35.85
52 Week Low24.14
Performance
1 Week-2.84%
2 Weeks8.79%
1 Month5.68%
3 Month5.71%
6 Month17.15%
12 Month9.75%
2 Year-49.36%
3 Year-21.5%
5 Year14.81%
10 Year224.43%
15 Year363.19%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.37
RSI(14)56.7
LBB26.13
UBB33.65
31.08
-1.04 (-3.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-3.24%
1 Week-2.84%
2 Weeks8.79%
1 Month5.68%
3 Month5.71%
6 Month17.15%
12 Month9.75%
2 Year-49.36%
3 Year-21.5%
5 Year14.81%
10 Year224.43%
15 Year363.19%
Volatility
ATR(14)1.43
ATR(20)%4.39%
ATR Inc-30.37%
Range Today1.36
ADR(20)1.2
ADR(20)%3.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.42
Mansfield0.13
10 Day High34.45
10 Day Low27.44
20 Day High34.45
20 Day Low27.44
52 Week High35.85
52 Week Low24.14
CS1 End29.77
CR1 Start31.48
Volume & EV
DER(3)-2.1%
DER(5)-1.75%
Volume1.36M
Volume Incr28.73%
Vol(5)1.64M
Vol(50)1.10M