Technical Analysis for IRIX - IRIDEX Corporation

Grade Last Price % Change Price Change
C 7.49 3.88% 0.28
IRIX closed up 3.88 percent on Friday, May 14, 2021, on approximately normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Signals

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

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Stochastic Buy Signal Bullish 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish 3.88%
Oversold Stochastic Weakness 3.88%
20 DMA Resistance Bearish -0.66%
Shooting Star Candlestick Bearish -0.66%
Crossed Above 50 DMA Bullish -0.66%
Pocket Pivot Bullish Swing Setup -0.66%
Doji - Bearish? Reversal -0.66%
Older End-of-Day Signals for IRIX ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Rose Above 10 DMA about 21 hours ago
60 Minute Opening Range Breakout about 24 hours ago
Rose Above Previous Day's High about 24 hours ago
Rose Above 50 DMA about 24 hours ago
10 DMA Resistance about 24 hours ago
View Earlier Intraday Alerts

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Profile

IRIDEX Corporation Description

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.


Classification

Sector: Healthcare
Industry: Medical Devices
Keywords: Eye Laser Clinics Fiber Optic Ophthalmic Macular Degeneration Ophthalmology Related Macular Degeneration Teaching MIDI Retina Canning Glaucoma Infrared Diabetic Retinopathy Eye Disease Age Related Macular Degeneration Laser System Humidifier Retinopathy Eye Diseases Laser Systems Cannula Ophthalmic Product Ophthalmic Products Idex Corporation 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 9.7149
52 Week Low 1.56
Average Volume 112,239
200-Day Moving Average 4.00
50-Day Moving Average 7.50
20-Day Moving Average 7.90
10-Day Moving Average 7.71
Average True Range 0.63
ADX 34.56
+DI 23.89
-DI 19.72
Chandelier Exit (Long, 3 ATRs ) 7.83
Chandelier Exit (Short, 3 ATRs ) 8.73
Upper Bollinger Band 9.08
Lower Bollinger Band 6.72
Percent B (%b) 0.33
BandWidth 29.84
MACD Line 0.00
MACD Signal Line 0.14
MACD Histogram -0.1408
Fundamentals Value
Market Cap 104.09 Million
Num Shares 13.9 Million
EPS -0.86
Price-to-Earnings (P/E) Ratio -8.67
Price-to-Sales 0.66
Price-to-Book 1.37
PEG Ratio -0.44
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.75
Resistance 3 (R3) 8.71 8.26 8.54
Resistance 2 (R2) 8.26 7.94 8.28 8.47
Resistance 1 (R1) 7.87 7.74 8.07 7.91 8.40
Pivot Point 7.42 7.42 7.51 7.43 7.42
Support 1 (S1) 7.03 7.10 7.22 7.07 6.58
Support 2 (S2) 6.58 6.90 6.59 6.51
Support 3 (S3) 6.19 6.58 6.44
Support 4 (S4) 6.23