Technical Analysis for IRAA - Iris Acquisition Corp

Grade Last Price % Change Price Change
C 10.38 -2.35% -0.25
IRAA closed down 2.35 percent on Thursday, April 25, 2024, on 3.15 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Flat Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 200 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
New Downtrend Bearish 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
BB Squeeze Ended Range Expansion 0.00%
Below Lower BB Weakness 0.00%

   Recent Intraday Alerts

Alert Time
50 DMA Support about 23 hours ago
200 DMA Support about 23 hours ago
2x Volume Pace 1 day ago
1.5x Volume Pace 1 day ago
3x Volume Pace 1 day ago

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Profile

Iris Acquisition Corp, a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities.
Classification

Sector: Financial Services
Industry: Shell Companies
Keywords: Private Equity Mergers And Acquisitions Special Purpose Acquisition Company Reverse Takeover

Is IRAA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 11.22
52 Week Low 9.82
Average Volume 1,683
200-Day Moving Average 10.40
50-Day Moving Average 10.54
20-Day Moving Average 10.61
10-Day Moving Average 10.60
Average True Range 0.04
RSI (14) 19.35
ADX 54.07
+DI 26.94
-DI 66.65
Chandelier Exit (Long, 3 ATRs) 10.67
Chandelier Exit (Short, 3 ATRs) 10.42
Upper Bollinger Bands 10.72
Lower Bollinger Band 10.51
Percent B (%b) -0.57
BandWidth 2.05
MACD Line 0.00
MACD Signal Line 0.02
MACD Histogram -0.0227
Fundamentals Value
Market Cap 75.84 Million
Num Shares 7.31 Million
EPS -0.09
Price-to-Earnings (P/E) Ratio -115.33
Price-to-Sales 0.00
Price-to-Book 252.73
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.86
Resistance 3 (R3) 10.89 10.75 10.78
Resistance 2 (R2) 10.75 10.63 10.74 10.75
Resistance 1 (R1) 10.57 10.56 10.50 10.54 10.73
Pivot Point 10.43 10.43 10.40 10.42 10.43
Support 1 (S1) 10.25 10.31 10.18 10.22 10.03
Support 2 (S2) 10.11 10.24 10.10 10.01
Support 3 (S3) 9.93 10.11 9.98
Support 4 (S4) 9.90