INGERSOLL-RAND INC (IR) Stock Technical Analysis
NYSE:IR • US45687V1061
We assign a technical rating of 8 out of 10 to IR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IR is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- IR has an average volume of 3756470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that IR is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- IR is part of the Machinery industry. There are 130 other stocks in this industry, IR did better than 49% of them.
- In the last month IR has a been trading in the 84.93 - 100.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, IR 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 a resistance zone just above the current price starting at 98.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 93.93, a Stop Loss order could be placed below this zone.
More info and screens
74.23
7 important support areas can be observed.
- A support zone ranging from 93.76 to 93.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.94 from a trend line in the daily time frame.
- A support zone ranging from 86.05 to 87.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @84.50 from a horizontal line in the daily time frame.
- Strong support @80.38 from a horizontal line in the daily time frame.
- Support @78.17 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 98.52 to 98.76. 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 | 72.79 | POSITIVE | IR has a high relative strength, it outperformed 72.79% 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) | 53.35 | NEUTRAL | The RSI value for IR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests IR has a negative trend. |
| Stochastics (14,3) | 58.56 | NEUTRAL | The Stochastics value for IR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for IR suggests some volalility. |
| Average Directional Index/ADX (14) | 36.19 | 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 |
|---|---|---|---|
| 98.77 | 93.74 | 5.03 (5.09%) | 19.66% |
| An entry @98.77. This is a Buy Stop order right above the resistance zone. | An exit @93.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.03 points, which is 5.09%. | For a 1.00% total portfolio risk, you can invest 19.66% of your capital in this trade. |
- 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.
93.94
-1.66 (-1.74%)
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 53.3545. 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 -0.48171, 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 93.93 and a resistance level at 98.52. Check the full technical report for our detailed analysis of IR support and resistance levels.