IRADIMED CORP (IRMD)

US46266A1097 - Common Stock

52.37  -0.86 (-1.62%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to IRMD. Both in the recent history as in the last year, IRMD has proven to be a steady performer, scoring decent points in every aspect analyzed.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that IRMD is one of the better performing stocks in the market, outperforming 76% of all stocks.
IRMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 75% of 188 stocks in the same industry.
IRMD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IRMD is lagging the market slightly.
In the last month IRMD has a been trading in the 46.86 - 57.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
IRMD Weekly chart
IRMD Daily chart
Setup Rating and Analysis

7

IRMD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 51.80, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

41.61

52.89

We found 6 important support areas.

  • A support zone ranging from 50.30 to 51.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 49.08 to 49.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 47.98 to 48.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @45.00 from a horizontal line in the daily time frame.
  • Support @44.25 from a trend line in the weekly time frame.
  • Support @42.03 from a horizontal line in the daily time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.21
Mansfield0.43
10 Day High57.95
10 Day Low50.41
20 Day High57.95
20 Day Low46.86
52 Week High57.95
52 Week Low40.05
Performance
1 Week-1.54%
2 Weeks-4.64%
1 Month5.39%
3 Month16.12%
6 Month25.6%
12 Month23.62%
2 Year80.07%
3 Year18.29%
5 Year142.18%
10 Year503.52%
15 YearN/A
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)-0.39
RSI(14)53.1
LBB48.97
UBB58.75
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.

ENTRYEXITDISTANCECAPITAL
54.0050.403.60 (6.66%)15.01%
An entry @54.00. This is a Buy Stop order right above the 10 day moving average.An exit @50.40. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 3.60 points, which is 6.66%.For a 1.00% total portfolio risk, you can invest 15.01% of your capital in this trade.

  • 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.
IRMD Daily chart

IRADIMED CORP

NASDAQ:IRMD (11/22/2024, 3:33:49 PM)

52.37

-0.86 (-1.62%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.62%
1 Week-1.54%
2 Weeks-4.64%
1 Month5.39%
3 Month16.12%
6 Month25.6%
12 Month23.62%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.07
ATR(20)%4.06%
ATR Inc
Range Today1.44
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High57.95
10 Day Low50.41
20 Day High57.95
20 Day Low46.86
52 Week High57.95
52 Week Low40.05
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume29.39K
Volume Incr52.37%
Vol(5)52.88K
Vol(50)40.72K