IRON MOUNTAIN INC (IRM) Stock Technical Analysis
USA - NYSE:IRM - US46284V1017 - REIT
Taking everything into account, IRM scores 6 out of 10 in our technical rating. IRM 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 the technical rating is only medium, IRM does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 101.35, a Stop Loss order could be placed below this zone.
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74.35
When analyzing the support we can see 4 important areas.
- A support zone ranging from 100.25 to 101.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @95.60 from a trend line in the daily time frame.
- A support zone ranging from 89.46 to 90.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @75.10 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 102.44 to 106.46. This zone is formed by a combination of multiple trend lines and important moving averages 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 IRM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IRM is neutral. |
| ChartMill Relative Strength | 42.8 | NEUTRAL | IRM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IRM is below 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 | MIXED | The current price of IRM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.85 | NEUTRAL | The RSI value for IRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests IRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.6 | NEUTRAL | The Stochastics value for IRM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for IRM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for IRM suggests a weak or negative 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 |
|---|---|---|---|
| 106.47 | 100.24 | 6.23 (5.85%) | 17.09% |
| An entry @106.47. This is a Buy Stop order right above the resistance zone. | An exit @100.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.23 points, which is 5.85%. | When investing 17.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
102.33
-1.79 (-1.72%)
IRON MOUNTAIN INC / IRM FAQ
Can you provide the ChartMill technical rating for IRON MOUNTAIN INC?
ChartMill assigns a technical rating of 6 / 10 to IRM.
Can you provide the trend direction for IRON MOUNTAIN INC?
The current trend direction for IRON MOUNTAIN INC (IRM) is Bullish.
What is the RSI signal for IRM stock?
IRON MOUNTAIN INC (IRM) has an RSI value of 48.851. This indicates that the stock is currently neutral.
What is the short term momentum for IRM stock?
The short term momentum for IRON MOUNTAIN INC (IRM) is neutral.
What is the support and resistance level for IRM stock?
IRON MOUNTAIN INC (IRM) has a support level at 101.35 and a resistance level at 102.44. Check the full technical report for our detailed analysis of IRM support and resistance levels.