IRON MOUNTAIN INC (IRM) Stock Technical Analysis
NYSE:IRM - New York Stock Exchange, Inc. - US46284V1017 - REIT - Currency: USD
Overall IRM gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IRM is only an average performer.
The long and short term trends are both positive. This is looking good!
IRM is part of the Specialized REITs industry. There are 30 other stocks in this industry. IRM outperforms 89% of them.
In the last month IRM has a been trading in the 96.57 - 105.57 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
IRM has an average volume of 1667220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, IRM did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
IRM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IRM is lagging the market.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, IRM 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 support zone below the current price at 101.61, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IRM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
74.35
107.28
3 important support areas can be observed.
- A support zone ranging from 100.91 to 102.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.38 from a trend line in the weekly time frame.
- Support @75.10 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @102.58 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 104.69 to 106.22. This zone is formed by a combination of multiple trend lines in the daily 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 IRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IRM is up. |
| ChartMill Relative Strength | 78.47 | POSITIVE | IRM has a high relative strength, it outperformed 78.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IRM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57 | NEUTRAL | The RSI value for IRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests IRM has a negative trend. |
| Stochastics (14,3) | 59.52 | NEUTRAL | The Stochastics value for IRM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for IRM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.6 | POSITIVE | The high ADX value value for IRM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 102.47 | 100.90 | 1.57 (1.53%) | 25.00% |
| An entry @102.47. This is a Buy Stop order right above the resistance zone. | An exit @100.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.57 points, which is 1.53%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IRM. 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.
102.57
+0.27 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg0.26%
1 Week-0.47%
2 Weeks0.96%
1 Month3.91%
3 Month32.88%
6 Month-2.96%
12 Month11.98%
2 Year80.52%
3 Year110.66%
5 Year292.99%
10 Year230.87%
15 Year356.68%
Volatility
ATR(14)2.4
ATR(20)%2.27%
ATR Inc-5.1%
Range Today1.97
ADR(20)2.27
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.47
Mansfield-0.82
10 Day High105.57
10 Day Low96.57
20 Day High105.57
20 Day Low96.57
52 Week High130.24
52 Week Low72.33
CS1 End101.61
CR1 Start102.31
Volume & EV
DER(3)3.5%
DER(5)1.46%
Volume2.24M
Volume Incr78.8%
Vol(5)2.77M
Vol(50)1.67M