Iradimed Co Stock Technical Analysis

IRMD Stock  USD 53.23  1.15  2.21%   
As of the 22nd of November, Iradimed retains the Downside Deviation of 1.94, risk adjusted performance of 0.1057, and Market Risk Adjusted Performance of 0.1701. Iradimed technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Iradimed jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if Iradimed is priced fairly, providing market reflects its last-minute price of 53.23 per share. Given that Iradimed Co has jensen alpha of 0.1037, we strongly advise you to confirm Iradimed's regular market performance to make sure the company can sustain itself at a future point.

Iradimed Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Iradimed, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Iradimed
  
Iradimed's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Iradimed Analyst Consensus

Target PriceAdvice# of Analysts
58.33Strong Buy2Odds
Iradimed Co current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Iradimed analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Iradimed stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Iradimed, talking to its executives and customers, or listening to Iradimed conference calls.
Iradimed Analyst Advice Details
Iradimed technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Iradimed technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Iradimed trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Iradimed Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Iradimed volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Iradimed Trend Analysis

Use this graph to draw trend lines for Iradimed Co. You can use it to identify possible trend reversals for Iradimed as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Iradimed price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Iradimed Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Iradimed Co applied against its price change over selected period. The best fit line has a slop of   0.13  , which means Iradimed Co will continue generating value for investors. It has 122 observation points and a regression sum of squares at 681.63, which is the sum of squared deviations for the predicted Iradimed price change compared to its average price change.

About Iradimed Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Iradimed Co on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Iradimed Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Iradimed price pattern first instead of the macroeconomic environment surrounding Iradimed. By analyzing Iradimed's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Iradimed's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Iradimed specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Dividend Yield0.02210.0316
Price To Sales Ratio9.139.61

Iradimed November 22, 2024 Technical Indicators

Most technical analysis of Iradimed help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Iradimed from various momentum indicators to cycle indicators. When you analyze Iradimed charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Complementary Tools for Iradimed Stock analysis

When running Iradimed's price analysis, check to measure Iradimed's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Iradimed is operating at the current time. Most of Iradimed's value examination focuses on studying past and present price action to predict the probability of Iradimed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iradimed's price. Additionally, you may evaluate how the addition of Iradimed to your portfolios can decrease your overall portfolio volatility.
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities