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 IRTC
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Green day on Wednesday for iRhythm Technologies Inc
(Updated on Mar 27, 2024)

Buy candidate since Mar 25, 2024 Gain 2.77% PDF

The iRhythm Technologies Inc stock price gained 0.661% on the last trading day (Wednesday, 27th Mar 2024), rising from $115.00 to $115.76. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.45% from a day low at $114.75 to a day high of $117.56. The price has risen in 8 of the last 10 days and is up by 10.5% over the past 2 weeks. Volume fell on the last day by -253 thousand shares and in total, 355 thousand shares were bought and sold for approximately $41.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iRhythm Technologies Inc stock with a 90% probability to be traded between $100.75 and $121.33 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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IRTC Signals & Forecast

Mostly positive signals in the chart today. The iRhythm Technologies Inc 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 $110.14 and $111.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 13.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for iRhythm Technologies Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $109.05 and $107.43. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, iRhythm Technologies Inc finds support just below today's level at $109.05. If this is broken, then the next support from accumulated volume will be at $107.43 and $105.07.

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 $2.81 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 3.21%.

Our recommended stop-loss: $111.87 (-3.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (IRTC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect iRhythm Technologies Inc to open at $116.02, and during the day (based on 14 day Average True Range), to move between $111.42 and $120.10, which gives a possible trading interval of +/-$4.34 (+/-3.75%) up or down from last closing price. If iRhythm Technologies Inc takes out the full calculated possible swing range there will be an estimated 7.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $118.43 (2.31%) than the support at $109.05 (5.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is iRhythm Technologies Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iRhythm Technologies Inc stock to perform well in the short-term period.

Current score: 1.793 Buy Candidate Unchanged

Predicted Opening Price for iRhythm Technologies Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$116.02 ( 0.227%) $115.76

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

Trading levels for IRTC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 118.83 2.65 %
R2 117.76 1.73 %
R1 117.10 1.15 %
Current price: 115.76
Support S1 114.95 -0.700 %
S2 114.29 -1.27 %
S3 113.21 -2.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 119.89 3.57 %
R2 118.65 2.50 %
R1 118.43 2.31 %
Current price 115.76
Support S1 109.05 -5.80%
S2 107.43 -7.20%
S3 105.07 -9.23%

FAQ

What is the symbol for iRhythm Technologies Inc Stock and on which exchange is it traded?
The symbol for iRhythm Technologies Inc is IRTC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell iRhythm Technologies Inc Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iRhythm Technologies Inc stock to perform well in the short-term period.

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

What's the current price of iRhythm Technologies Inc Stock?
As of the end of day on the 2024-03-27, the price of an iRhythm Technologies Inc (IRTC) share was $115.76.

What is the 52-week high and low for iRhythm Technologies Inc Stock?
The 52-week high for iRhythm Technologies Inc Stock is $140.23 and the 52-week low is $70.24.

What is the market capitalization of iRhythm Technologies Inc Stock?
As of the 2024-03-27, the market capitalization of iRhythm Technologies Inc is 3.586B.

When is the next earnings date for iRhythm Technologies Inc?
The upcoming earnings date for iRhythm Technologies Inc is May 02, 2024.
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About iRhythm Technologies Inc

iRhythm Technologies iRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram (ECG) monitoring products for patients at risk for arrhythmias in the United States. It offers Zio service, an ambulatory cardiac monitoring solution that combines a wire-free, patch-based, and wearable biosensor with a cloud-based data analytic platform to help physicians to monitor patients and diagnose arrhythmias. The company's Zio XT and AT monito... IRTC Profile

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