INGERSOLL-RAND INC (IR) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:IR • US45687V1061
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.
- 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.
- In the last month IR has a been trading in the 80.89 - 99.44 range, which is quite wide. It is currently trading near the high of this range.
- 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 3050550 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 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- IR is an average performer in the Machinery industry, it outperforms 63% of 132 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IR has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
74.23
4 important support areas can be observed.
- A support zone ranging from 83.09 to 87.38. 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.
- A support zone ranging from 77.63 to 78.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.98 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 | 76.56 | POSITIVE | IR has a high relative strength, it outperformed 76.56% 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) | 71.16 | OVERBOUGHT | The high RSI value suggests IR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.71 | POSITIVE | The MACD value suggests IR has a positive trend. |
| Stochastics (14,3) | 84.74 | OVERBOUGHT | The high Stochastics value suggests IR may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for IR suggests some volalility. |
| Average Directional Index/ADX (14) | 30.37 | POSITIVE | The high ADX value value for IR suggests a strong trend. |
97.41
+3.69 (+3.94%)
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 71.159. This indicates that the stock is currently overbought.
What is the MACD signal for IR stock?
The MACD indicator for INGERSOLL-RAND INC (IR) has a value of 0.714629, 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 87.38. Check the full technical report for our detailed analysis of IR support and resistance levels.