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Regional Banks Industry Stocks Technical Analysis - IRArchive
- 4/5/2024 -
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Ingersoll-Rand Plc (IR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Ingersoll-Rand Plc (IR). During the week, the IR gave back -0.14 points, or -0.15%, and closed at 94.81 on Friday, April 5, 2024. IR was trading at average weekly trading volume.
IR is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See IR long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 39.28 and reached 96.17 on March 25, 2024. IR gained -56.89 points, or -144.83%, in 88 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (65.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See IR medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 59.21 and reached 96.17 on March 25, 2024. IR gained -36.96 points, or -62.42%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 93.96 and resistance is at 99.39. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See IR weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See IR short-term trend chart]
A short-term uptrend had started on April 4, 2024 at 92.28 and reached 95.05 on April 5, 2024. IR gained -2.77 points, or -3.00%, in 1 days. The price is now at the 8.66% retracement level.
 Daily Technical Indicators: [See IR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
9 |
| Industry |
Industrial Machinery |
104 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
92.28 |
| Low Date |
04/04/2024 |
| High |
95.05 |
| High Date |
04/05/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
92.28 |
| Low Date |
04/04/2024 |
| High |
95.05 |
| High Date |
04/05/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
96.17 |
| High Date |
03/25/2024 |
| Low |
92.28 |
| Low Date |
04/04/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
99.39 |
| Support |
93.96 |
| Low |
59.21 |
| Low Date |
10/27/2023 |
| High |
96.17 |
| High Date |
03/25/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
78.89 |
| Support |
65.94 |
| Low |
39.28 |
| Low Date |
07/14/2022 |
| High |
96.17 |
| High Date |
03/25/2024 |
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