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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IRBT
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Green day on Friday for iRobot Corporation stock after gaining 0.331%
(Updated on Jun 21, 2024)

Sell candidate since Jun 17, 2024 Loss -5.60% PDF

The iRobot Corporation stock price gained 0.331% on the last trading day (Friday, 21st Jun 2024), rising from $9.07 to $9.10. During the last trading day the stock fluctuated 3.63% from a day low at $9.08 to a day high of $9.41. The price has fallen in 6 of the last 10 days and is down by -8.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 477 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $13.11 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.17 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.34% during the next 3 months and, with a 90% probability hold a price between $9.59 and $16.81 at the end of this 3-month period.

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IRBT Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iRobot Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $9.35 and $10.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -32.09%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for iRobot Corporation stock

iRobot Corporation finds support from accumulated volume at $8.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.330 between high and low, or 3.63%. For the last week, the stock has had daily average volatility of 5.26%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IRBT) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect iRobot Corporation to open at $9.20, and during the day (based on 14 day Average True Range), to move between $8.39 and $9.81, which gives a possible trading interval of +/-$0.710 (+/-7.80%) up or down from last closing price. If iRobot Corporation takes out the full calculated possible swing range there will be an estimated 15.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.70 (4.40%) than the resistance at $9.96 (9.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iRobot Corporation stock A Buy?

The iRobot Corporation stock holds several negative signals and despite the positive trend, we believe iRobot Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.391 Sell Candidate Unchanged

Predicted Opening Price for iRobot Corporation of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$9.20 ( 1.06%) $9.10

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for IRBT

Fibonacci Support & Resistance Levels

Level Price
R3 9.53 4.69%
R2 9.40 3.30%
R1 9.32 2.45%
Price 9.10
S1 9.07 -0.323%
S2 8.99 -1.18%
S3 8.87 -2.56%

Accumulated Volume Support & Resistance Levels

Level Price
R3 10.92 20.00%
R2 10.22 12.31%
R1 9.96 9.45%
Price 9.10
S1 8.70 -4.40%
S2 8.56 -5.93%
S3 8.15 -10.44%

FAQ

What is the symbol for iRobot Corporation Stock and on which exchange is it traded?
The symbol for iRobot Corporation is IRBT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell iRobot Corporation Stock?
The iRobot Corporation stock holds several negative signals and despite the positive trend, we believe iRobot Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy iRobot Corporation Stock?
iRobot Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy iRobot Corporation Stock.

What's the current price of iRobot Corporation Stock?
As of the end of day on the Jun 21, 2024, the price of an iRobot Corporation (IRBT) share was $9.10.

What is the 52-week high and low for iRobot Corporation Stock?
The 52-week high for iRobot Corporation Stock is $51.49 and the 52-week low is $6.49.

What is the market capitalization of iRobot Corporation Stock?
As of the Jun 21, 2024, the market capitalization of iRobot Corporation is 260.829M.

When is the next earnings date for iRobot Corporation?
The upcoming earnings date for iRobot Corporation is Aug 13, 2024.
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About iRobot Corporation

iRobot iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mop... IRBT Profile

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