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(IRDM) Iridium Communications complete technical analysis [charts+indicators] | Buy/Sell Iridium Communications | (IRDM) share price targets

Complete technical analysis of Iridium Communications (IRDM) by charts plus indicators, forecast predictions and share price targets for Iridium Communications (IRDM)

Iridium Communications trades in USA in Consumer Durables sector.

Showing technical analysis as on 2024-05-30 View latest technical analysis

10 day averaged volume of Iridium Communications is 648256

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	29.92	30.07	30.31	29.73	1.169 times
29 Wed May 2024	30.12	29.37	30.36	29.37	1.509 times
28 Tue May 2024	29.58	30.23	30.26	29.16	1.335 times
23 Thu May 2024	29.32	30.45	30.61	29.31	0.85 times
22 Wed May 2024	30.58	30.78	31.15	30.23	1.053 times
21 Tue May 2024	31.16	31.28	31.51	31.03	0.848 times
20 Mon May 2024	31.44	31.48	31.66	31.23	0.867 times
17 Fri May 2024	31.48	30.44	31.54	30.35	0.956 times
16 Thu May 2024	30.44	30.43	30.73	30.25	0.706 times
15 Wed May 2024	30.44	30.51	30.70	29.77	0.979 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 29.8 as stoploss in an intra day buy trade for a target of 30.42. However, stock will show a bearish move below 29.8.

Share price targets for Iridium Communications (IRDM)

Target Type	Value
Downside Target	24.14
Downside Target	25.27
Downside Target	27.89
Downside Target	29.16
Upside Target	31.54
Upside Target	31.66
Upside Target	31.81
Upside Target	32.25
Upside Target	35.85
Upside Target	36.72
Upside Target	41.40

Intraday share price targets for Iridium Communications (IRDM)

Target Type	Value
Downside Intraday Target	29.27
Downside Intraday Target	28.61
Upside Intraday Target	30.47
Upside Intraday Target	31.01
Downside Intraday Target	29.81

Weekly technical analysis of Iridium Communications (IRDM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	29.92	30.23	30.36	29.16	1.109 times
23 Thu May 2024	29.32	31.48	31.66	29.31	0.759 times
17 Fri May 2024	31.48	29.93	31.54	29.77	0.809 times
10 Fri May 2024	29.78	30.35	30.89	29.42	0.606 times
03 Fri May 2024	30.32	31.43	32.25	30.27	0.659 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Iridium Communications (IRDM)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu May 2024	29.92	30.80	31.81	29.16	0.445 times
30 Tue Apr 2024	30.79	26.18	32.25	24.14	1.228 times
28 Thu Mar 2024	26.16	29.13	30.15	25.27	1.009 times
29 Thu Feb 2024	28.95	36.52	36.72	27.89	1.779 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Iridium Communications (IRDM)

Price action analysis of Iridium Communications ( (IRDM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Iridium Communications ( (IRDM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Iridium Communications ( (IRDM) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Iridium Communications ( (IRDM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Iridium Communications stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Iridium Communications in short term but the sell signal is initial and weak.

Iridium Communications Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Iridium Communications in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Iridium Communications is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 30.38 and Iridium Communications (IRDM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Iridium Communications (IRDM) stock. Volume based technical analysis of Iridium Communications (IRDM) stock is negative.

Iridium Communications Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.