Technical Analysis for IRIX - IRIDEX Corporation

Grade Last Price % Change Price Change
grade C 3.41 -0.87% -0.03
IRIX closed down 0.87 percent on Friday, January 17, 2020, on 2.43 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical IRIX trend table...

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
New Uptrend Bullish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Wide Range Bar Range Expansion 0.00%
Doji - Bearish? Reversal 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%

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Profile

IRIDEX Corporation provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology worldwide. It provides ophthalmology products that are used in the treatment of serious eye diseases, such as diabetic retinopathy, glaucoma, and age-related macular degeneration. The company's ophthalmic products include consoles, including visible (yellow) photocoagulator, visible (green) photocoagulator, infrared photocoagulator, and micropulse enabled consoles; and multi-wavelength laser system configurations. It also provides ophthalmic delivery devices and other products, such as TxCell scanning laser delivery systems; TruFocus laser indirect ophthalmoscopes; slit lamp adapters; operating microscope adapters; EndoProbe, a fiber optic delivery device; G-Probe, a sterile consumable multi-use product; and DioPexy Probe, a hand-held instrument that is used in procedures to treat retinal tears and breaks. In addition, the company's ophthalmic delivery devices and other products comprise GreenTip Soft Tip Cannula, a sterile disposable that allows surgeons to visualize and access the proximity of the retina while performing a fluid air exchange during a vitrectomy procedure; and MoistAir in-line air humidifier, which connects to the air line and provides humidified air to the eye during fluid air exchange. The company serves ophthalmologists, research and teaching hospitals, government installations, surgical centers, hospitals, and office clinics. It sells and markets its products through a direct sales force in the United States and through independent distributors internationally. The company was formerly known as IRIS Medical Instruments, Inc. and changed its name to IRIDEX Corporation in November 1995. IRIDEX Corporation was founded in 1989 and is headquartered in Mountain View, California.
Laser Fiber Optic Glaucoma Ophthalmology Age Related Macular Degeneration Diabetic Retinopathy Ophthalmic Products Laser Systems Laser System Ophthalmic Ophthalmology Products

Is IRIX 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 5.69
52 Week Low 1.5
Average Volume 75,774
200-Day Moving Average 3.24
50-Day Moving Average 2.37
20-Day Moving Average 2.57
10-Day Moving Average 2.75
Average True Range 0.28
ADX 26.36
+DI 44.93
-DI 8.28
Chandelier Exit (Long, 3 ATRs ) 3.00
Chandelier Exit (Short, 3 ATRs ) 2.99
Upper Bollinger Band 3.48
Lower Bollinger Band 1.65
Percent B (%b) 0.96
BandWidth 71.40
MACD Line 0.25
MACD Signal Line 0.12
MACD Histogram 0.1311
Fundamentals Value
Market Cap 39.44 Million
Num Shares 11.6 Million
EPS -1.48
Price-to-Earnings (P/E) Ratio -2.30
Price-to-Sales 2.30
Price-to-Book 2.61
PEG Ratio -0.39
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.42
Resistance 3 (R3) 4.45 4.14 4.25
Resistance 2 (R2) 4.14 3.89 4.13 4.19
Resistance 1 (R1) 3.78 3.73 3.75 3.75 4.14
Pivot Point 3.47 3.47 3.46 3.46 3.47
Support 1 (S1) 3.11 3.22 3.08 3.08 2.68
Support 2 (S2) 2.80 3.06 2.79 2.63
Support 3 (S3) 2.44 2.80 2.57
Support 4 (S4) 2.41