INGERSOLL-RAND INC (IR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IR - US45687V1061 - Common Stock
Overall IR gets a technical rating of 7 out of 10. IR has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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 4 important areas.
- Support @84.50 from a horizontal line in the daily time frame.
- A support zone ranging from 78.38 to 81.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @76.91 from a trend line in the weekly time frame.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 85.52 to 85.52. 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 | 51.14 | 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) | 64.45 | 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. |
| Stochastics (14,3) | 84.07 | OVERBOUGHT | The high Stochastics value suggests IR may be overbought. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for IR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.57 | NEGATIVE | The low ADX value for IR suggests a weak or negative trend. |
85.51
+1.14 (+1.35%)
INGERSOLL-RAND INC / IR FAQ
What is the technical rating for IR stock?
ChartMill assigns a technical rating of 7 / 10 to IR.
Can you provide the trend direction for INGERSOLL-RAND INC?
The current trend direction for INGERSOLL-RAND INC (IR) is Bearish.
What is the RSI signal for INGERSOLL-RAND INC (IR) stock?
INGERSOLL-RAND INC (IR) has an RSI value of 64.4489. 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 0.383957, 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 84.5 and a resistance level at 85.52. Check the full technical report for our detailed analysis of IR support and resistance levels.