INGERSOLL-RAND INC (IR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IR - US45687V1061 - Common Stock
Taking everything into account, IR scores 5 out of 10 in our technical rating. IR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, IR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 82.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.68, a Stop Loss order could be placed below this zone. 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
72.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 78.38 to 80.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @76.55 from a trend line in the weekly time frame.
- A support zone ranging from 73.56 to 74.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 82.97 to 84.50. 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 | NEUTRAL | NEUTRAL | The long term trend for IR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IR is up. |
| ChartMill Relative Strength | 26.88 | NEGATIVE | IR has a low relative strength, it was outperformed by 73.12% 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) | DOWN | MIXED | The current price of IR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.56 | NEUTRAL | The RSI value for IR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests IR has a positive trend. |
| Stochastics (14,3) | 54.49 | NEUTRAL | The Stochastics value for IR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for IR suggests some volalility. |
| Average Directional Index/ADX (14) | 13.85 | NEGATIVE | The low ADX value for IR suggests a weak or negative trend. |
81.57
+0.12 (+0.15%)
INGERSOLL-RAND INC / IR FAQ
What is the ChartMill technical rating of INGERSOLL-RAND INC (IR) stock?
ChartMill assigns a technical rating of 5 / 10 to IR.
What is the trend direction for IR stock?
The current trend direction for INGERSOLL-RAND INC (IR) is Bearish.
Can you provide the RSI signal for INGERSOLL-RAND INC?
INGERSOLL-RAND INC (IR) has an RSI value of 57.5587. This indicates that the stock is currently neutral.
What is the MACD signal for INGERSOLL-RAND INC (IR) stock?
The MACD indicator for INGERSOLL-RAND INC (IR) has a value of 0.0699103, indicating a bearish trend.