IRWD: Bullish Momentum Divergence Developing

The stock may appear stagnant, but momentum signals are flashing early signs of a potential shift. Both the Relative Strength Index (RSI) and Stochastic Momentum Index (SMI) are making higher lows, signaling a shift in underlying strength.

This type of bullish divergence suggests that downside momentum is weakening, even though price has yet to reflect it. Historically, setups like this precede reversals as selling pressure fades and buyers step in.

With momentum building and the stock at severely oversold levels, a breakout from this consolidation could trigger a sharp move higher.

Stay tuned. 📈