IRTC Should I Buy

IRTC is not a good buy right now. Price action and momentum are bearish (falling MACD histogram, price below key pivot), near-term headlines are negative (two law-firm investigation stories), and hedge funds have been selling aggressively. While fundamentals show strong revenue growth and Wall Street targets imply sizable upside, the tape is still weak and sentiment is mixed—so for an impatient buyer, the odds favor a better entry later rather than buying immediately.

Trend/momentum: Bearish. The MACD histogram is -2.096 and negatively expanding, signaling downside momentum is still building. RSI(6) at ~21.3 indicates the stock is heavily oversold in the very near term, which can allow a short bounce, but oversold alone is not a confirmed reversal. Levels: Current ~148.4 is below the pivot (161.253), keeping the broader setup defensive. Nearby support is S1 151.237 (now overhead/acting as resistance after the drop) and stronger support at S2 145.049 (price is hovering close to this). Resistance levels to reclaim are 161.253 (pivot) then 171.269. Moving averages: Converging MAs suggest a transition phase, but with MACD worsening, the balance of evidence still points to a downtrend/weak consolidation rather than an upside breakout. Pattern/short-horizon odds: The pattern model suggests a 60% chance of a modest rebound (+3.55% next day / +6.08% next week), but that’s countered by the still-deteriorating momentum and negative news flow.