By Mill Chart
Last update: Jan 15, 2024
Exploring Growth Potential: INGERSOLL-RAND INC (NYSE:IR) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and INGERSOLL-RAND INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected INGERSOLL-RAND INC on our screen for growth with base formation, suggesting it merits a closer look.
ChartMill assigns a Growth Rating to each stock, ranging from 0 to 10. This rating is determined by analyzing different growth elements, including EPS and revenue growth, spanning both historical and future figures. In the case of NYSE:IR, the assigned 8 reflects its growth potential:
Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:IR has achieved a 7 out of 10:
ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:IR was assigned a score of 7 for profitability:
ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:IR scores a 7 out of 10:
Besides having an excellent technical rating, IR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 77.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 76.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
Our Strong Growth screener lists more Strong Growth stocks and is updated daily.
For an up to date full fundamental analysis you can check the fundamental report of IR
For an up to date full technical analysis you can check the technical report of IR
This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.