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Archive
- 7/6/2018
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Iron Mountain Inc.
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Summary:
Weekly :Overbought sectorBroken trend support lineLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought
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It was a third consecutive positive week for the Iron Mountain Inc. (IRM). During the week, the IRM gained 0.88 points, or 2.51%, and closed at 35.89 on Friday, July 06, 2018. On Friday IRM has reached 36.09 - the highest level since January 26, 2018. Weekly volume was -12% below average.

IRM is a member of Services Sector. Services is the second 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 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 Channel chart pattern. The trend support level is at 33.41 and resistance is at 47.76. 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 long-term trend.

Medium-term trend: [See IRM medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 23.64 and reached 41.53 on November 21, 2017. IRM gained -17.89 points, or -75.68%, in 95 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (44.83) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See IRM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 20, 2018. This is an indication that the medium-term trend is up. 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 March 23, 2018 at 30.78 and reached 36.09 on July 6, 2018. IRM gained -5.31 points, or -17.25%, in 105 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (33.37) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See IRM daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since June 21, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.47
Overbought
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 86.00
Overbought
Greed/Fear Indicator (GFI) 85.97
Overbought
Moving Average Converg./Diverg. (MACD) 0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.84
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 83.05
Overbought
Greed/Fear Indicator (GFI) 77.78
Moving Average Converg./Diverg. (MACD) -0.75
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 41.54
Upper Bollinger Band 36.04
Price 35.89
Daily Stochastic Crossing 35.83
Weekly Stochastic Crossing 35.32
Weekly Trendline Resistance 35.31
Parabolic System 34.69
20 Day Moving Average 34.65
50 Day Moving Average 34.01
Yearly Trendline Support 33.41
Lower Bollinger Band 33.39
Weekly Trendline Support 33.37
Monthly Trendline Support 32.79
Monthly Trendline Resistance 31.05
Sector and Industry
Description Name Rank
Sector Services 8
Industry Business Services 137
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.87
Low Date 05/18/2018
High 36.09
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 35.31
Support 33.37
Low 30.78
Low Date 03/23/2018
High 36.09
High Date 07/06/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 31.05
Support 32.79
High 41.53
High Date 11/21/2017
Low 30.78
Low Date 03/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 41.54
Support 44.83
Low 23.64
Low Date 01/20/2016
High 41.53
High Date 11/21/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 47.76
Support 33.41
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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