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 IRMD
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iRadimed Corporation stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The iRadimed Corporation stock price gained 1.43% on the last trading day (Thursday, 28th Mar 2024), rising from $43.37 to $43.99. During the last trading day the stock fluctuated 3.45% from a day low at $43.15 to a day high of $44.64. The price has risen in 6 of the last 10 days and is up by 1.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately $2.68 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.01% during the next 3 months and, with a 90% probability hold a price between $37.84 and $43.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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IRMD Signals & Forecast

The iRadimed Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $43.62 and $43.77. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.24%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for iRadimed Corporation stock

iRadimed Corporation finds support from accumulated volume at $43.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.49 (3.45%) between high and low. For the last week, the stock has had daily average volatility of 3.22%.

Our recommended stop-loss: $42.04 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (IRMD) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect iRadimed Corporation to open at $43.93, and during the day (based on 14 day Average True Range), to move between $42.59 and $45.39, which gives a possible trading interval of +/-$1.40 (+/-3.19%) up or down from last closing price. If iRadimed Corporation takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $43.54 (1.02%) than the resistance at $45.00 (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iRadimed Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.039 Buy Candidate Upgraded

Predicted Opening Price for iRadimed Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$43.93 ( 0.144%) $43.99

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

Trading levels for IRMD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 45.42 3.24 %
R2 44.85 1.95 %
R1 44.50 1.15 %
Current price: 43.99
Support S1 43.36 -1.44 %
S2 43.01 -2.24 %
S3 42.44 -3.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 46.55 5.82 %
R2 45.61 3.68 %
R1 45.00 2.30 %
Current price 43.99
Support S1 43.54 -1.02%
S2 43.24 -1.70%
S3 42.20 -4.07%

IRMD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 12, 2023 Dec 21, 2023 Jan 12, 2024 $0.630 1.39%
2 Feb 06, 2023 Feb 10, 2023 Feb 21, 2023 $1.05 2.86%
3 Feb 07, 2022 Feb 16, 2022 Feb 24, 2022 $1.00 2.11%

FAQ

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

Should I buy or sell iRadimed Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy iRadimed Corporation Stock?
iRadimed 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 iRadimed Corporation Stock.

What's the current price of iRadimed Corporation Stock?
As of the end of day on the 2024-03-28, the price of an iRadimed Corporation (IRMD) share was $43.99.

What is the 52-week high and low for iRadimed Corporation Stock?
The 52-week high for iRadimed Corporation Stock is $51.04 and the 52-week low is $36.12.

What is the market capitalization of iRadimed Corporation Stock?
As of the 2024-03-28, the market capitalization of iRadimed Corporation is 557.037M.

When is the next earnings date for iRadimed Corporation?
The upcoming earnings date for iRadimed Corporation is May 02, 2024.
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About iRadimed Corporation

iRadimed IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices, and related accessories and services in the United States and internationally. It offers MRidium MRI compatible intravenous (IV) infusion pump system with associated disposable IV tubing sets; and MRI compatible patient vital signs monitoring system. The company also provides non-magnetic IV poles, wireless remote dis... IRMD Profile

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