The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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Iron Mountain Inc.
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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Iron Mountain Inc. (IRM). During the week, the IRM dropped -0.74 points, or -2.05%, and closed at 35.36 on Friday, September 07, 2018. Weekly volume was -14% below average.

Long-term trend: [See IRM long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 16.71 and reached 41.53 on February 6, 2015. IRM gained -24.82 points, or -148.53%, in 324 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 33.39 and resistance is at 42.10. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See IRM medium-term trend chart]
A medium-term downtrend had started on November 21, 2017 at 41.53 and reached 30.78 on March 23, 2018. IRM lost 10.75 points, or 25.88%, in 17 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (34.02) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.

Weekly Technical Indicators: [See IRM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 20, 2018. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See IRM short-term trend chart]
A short-term uptrend had started on July 27, 2018 at 33.01 and reached 36.80 on August 20, 2018. IRM gained -3.79 points, or -11.48%, in 24 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See IRM daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since September 6, 2018. The distance between MACD and the signal line is low, but getting bigger.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.34
Williams' Percentage Range (W%R) 25.00
Lane's Stochastic (%D-Slow) 58.41
Greed/Fear Indicator (GFI) 56.25
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.25
Williams' Percentage Range (W%R) 16.70
Overbought
Lane's Stochastic (%D-Slow) 73.11
Greed/Fear Indicator (GFI) 69.39
Moving Average Converg./Diverg. (MACD) 0.03
Trading Signals
Description Value Chart
Yearly Trendline Resistance 42.10
Monthly Trendline Resistance 37.74
Upper Bollinger Band 37.00
Parabolic System 36.83
Daily Stochastic Crossing 36.13
Weekly Stochastic Crossing 35.93
20 Day Moving Average 35.93
50 Day Moving Average 35.69
Price 35.36
Lower Bollinger Band 34.87
Monthly Trendline Support 34.40
Quarterly Trendline Support 34.02
Yearly Trendline Support 33.39
Sector and Industry
Description Name Rank
Sector Services 7
Industry Business Services 124
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 33.01
Low Date 07/27/2018
High 36.80
High Date 08/20/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.87
Low Date 05/18/2018
High 36.95
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 37.74
Support 34.40
Low 30.78
Low Date 03/23/2018
High 36.95
High Date 07/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 28.08
Support 34.02
High 41.53
High Date 11/21/2017
Low 30.78
Low Date 03/23/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 42.10
Support 33.39
Low 16.71
Low Date 11/21/2008
High 41.53
High Date 02/06/2015
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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