INGERSOLL-RAND INC (IR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IR - US45687V1061 - Common Stock
We assign a technical rating of 8 out of 10 to IR. 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.
- The long and short term trends are both positive. This is looking good!
- IR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IR is lagging the market slightly.
- In the last month IR has a been trading in the 78.65 - 90.85 range, which is quite wide. It is currently trading near the high of this range.
- IR has an average volume of 2638210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, IR turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- IR is an average performer in the Machinery industry, it outperforms 48% of 132 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
IR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
74.23
5 important support areas can be observed.
- A support zone ranging from 86.64 to 86.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 84.17 to 84.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 80.38 to 82.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.27 to 78.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 74.98 to 75.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @88.16 from a horizontal line in the weekly time frame.
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 | 47.38 | NEUTRAL | IR is not amongst the best or worst performers 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) | 58.9 | NEUTRAL | The RSI value for IR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests IR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.96 | NEUTRAL | The Stochastics value for IR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for IR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.49 | POSITIVE | The high ADX value value for IR suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 88.17 | 86.63 | 1.54 (1.75%) | 25.00% |
| An entry @88.17. This is a Buy Stop order right above the resistance zone. | An exit @86.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.54 points, which is 1.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%. |
- The distance between exit and entry is rather small compared to the average daily movement of IR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
87.21
-0.34 (-0.39%)
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 58.8983. 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 0.268224, 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 86.86 and a resistance level at 88.16. Check the full technical report for our detailed analysis of IR support and resistance levels.