INGERSOLL-RAND INC (IR) Stock Technical Analysis
NYSE:IR • US45687V1061
Taking everything into account, IR scores 8 out of 10 in our technical rating. Although IR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by IR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- IR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- IR has an average volume of 3525130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, IR did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- IR is part of the Machinery industry. There are 131 other stocks in this industry, IR did better than 53% of them.
Although IR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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74.23
When analyzing the support we can see 6 important areas.
- A support zone ranging from 98.50 to 98.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.94 from a trend line in the daily time frame.
- A support zone ranging from 84.50 to 86.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @80.38 from a horizontal line in the daily time frame.
- Support @77.81 from a trend line in the weekly time frame.
- A support zone ranging from 74.98 to 74.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IR is up. |
| ChartMill Relative Strength | 77.77 | POSITIVE | IR has a high relative strength, it outperformed 77.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.66 | NEUTRAL | The RSI value for IR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests IR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.04 | NEUTRAL | The Stochastics value for IR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for IR suggests some volalility. |
| Average Directional Index/ADX (14) | 39.98 | POSITIVE | The high ADX value value for IR suggests a strong trend. |
98.52
+4.31 (+4.57%)
INGERSOLL-RAND INC / IR FAQ
What is the technical rating for IR stock?
ChartMill assigns a technical rating of 8 / 10 to IR.
Can you provide the trend direction for INGERSOLL-RAND INC?
The current trend direction for INGERSOLL-RAND INC (IR) is Bullish.
What is the RSI signal for INGERSOLL-RAND INC (IR) stock?
INGERSOLL-RAND INC (IR) has an RSI value of 58.6576. This indicates that the stock is currently neutral.
What is the MACD signal for IR stock?
The MACD indicator for INGERSOLL-RAND INC (IR) has a value of 0.375579, indicating a bearish trend.
Can you provide the support and resistance levels for INGERSOLL-RAND INC?
INGERSOLL-RAND INC (IR) has a support level at 88.94 and a resistance level at 98.5. Check the full technical report for our detailed analysis of IR support and resistance levels.