INGERSOLL-RAND INC (IR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IR - US45687V1061 - Common Stock
Taking everything into account, IR scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. IR was also a bad performer in the overall market in the last year.
IR has a poor technical rating and the quality of the setup is also only medium 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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3 important support areas can be observed.
- A support zone ranging from 78.43 to 80.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @76.19 from a trend line in the weekly time frame.
- A support zone ranging from 73.56 to 74.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 84.45 to 84.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 89.02 to 89.02. 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 | 25.26 | NEGATIVE | IR has a low relative strength, it was outperformed by 74.74% 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) | DOWN | MIXED | The current price of IR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.35 | NEUTRAL | The RSI value for IR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests IR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.47 | 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) | 16.7 | NEGATIVE | The low ADX value for IR suggests a weak or negative trend. |
81.76
-1.68 (-2.01%)
INGERSOLL-RAND INC / IR FAQ
What is the ChartMill technical rating of INGERSOLL-RAND INC (IR) stock?
ChartMill assigns a technical rating of 3 / 10 to IR.
What is the trend direction for IR stock?
The current trend direction for INGERSOLL-RAND INC (IR) is Bearish.
Can you provide the RSI signal for INGERSOLL-RAND INC?
INGERSOLL-RAND INC (IR) has an RSI value of 59.3499. This indicates that the stock is currently neutral.
What is the MACD signal for INGERSOLL-RAND INC (IR) stock?
The MACD indicator for INGERSOLL-RAND INC (IR) has a value of 0.445247, indicating a bearish trend.