IRADIMED CORP (IRMD)

US46266A1097 - Common Stock

54.67  -0.35 (-0.64%)

After market: 54.67 0 (0%)

Technical Rating and Analysis

8

Taking everything into account, IRMD scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IRMD is showing a nice and steady performance.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, IRMD did better than 77% of all other stocks.
IRMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 73% of 187 stocks in the same industry.
IRMD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IRMD is performing more or less in line with the market.
In the last month IRMD has a been trading in the 51.58 - 56.50 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

8

IRMD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 54.08, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

41.61

55.22

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 52.33 to 54.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 50.39 to 51.06. 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.
  • A support zone ranging from 44.70 to 44.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • 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
CRS77.21
Mansfield0.76
10 Day High55.31
10 Day Low51.58
20 Day High56.5
20 Day Low51.58
52 Week High57.95
52 Week Low40.18
Performance
1 Week2.47%
2 Weeks0.44%
1 Month2.03%
3 Month11.21%
6 Month24.42%
12 Month15.17%
2 Year93.25%
3 Year18.31%
5 Year133.83%
10 Year323.8%
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)0.03
RSI(14)55.24
LBB52.16
UBB55.94
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
55.3252.322.99 (5.41%)18.47%
An entry @55.31. This is a Buy Stop order right above the 10 day high.An exit @52.32. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.99 points, which is 5.41%.When investing 18.47% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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 (12/27/2024, 8:00:02 PM)

After market: 54.67 0 (0%)

54.67

-0.35 (-0.64%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.64%
1 Week2.47%
2 Weeks0.44%
1 Month2.03%
3 Month11.21%
6 Month24.42%
12 Month15.17%
2 Year93.25%
3 Year18.31%
5 Year133.83%
10 Year323.8%
15 YearN/A
Volatility
ATR(14)1.8
ATR(20)%2.96%
ATR Inc7.37%
Range Today1.97
ADR(20)1.59
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.21
Mansfield0.76
10 Day High55.31
10 Day Low51.58
20 Day High56.5
20 Day Low51.58
52 Week High57.95
52 Week Low40.18
CS1 End54.08
CR1 StartN/A
Volume & EV
DER(3)-4.82%
DER(5)-3.36%
Volume41.70K
Volume Incr-16.01%
Vol(5)38.32K
Vol(50)40.89K