The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Iron Mountain Inc.
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Summary:
Weekly :Trend support at 33.82
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SAR
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It was a second consecutive positive week for the Iron Mountain Inc. (IRM). During the week, the IRM climbed 0.08 points, or 0.24%, and closed at 34.05 on Friday, December 07, 2018. Weekly volume was 10% above 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 price is near the trend support (33.82) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See IRM medium-term trend chart]
A medium-term downtrend had started on July 13, 2018 at 36.95 and reached 30.22 on October 26, 2018. IRM lost 6.73 points, or 18.21%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 29.00 and resistance is at 36.36. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See IRM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 28, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 October 26, 2018 at 30.22 and reached 34.54 on December 4, 2018. IRM gained -4.32 points, or -14.30%, in 39 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 33.02 and resistance is at 35.92. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See IRM daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 daily MACD line is above its signal line since October 31, 2018. This is an indication that the short-term trend is up.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.68
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 84.86
Overbought Bearish
Greed/Fear Indicator (GFI) 79.23
Moving Average Converg./Diverg. (MACD) 0.28 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.86
Williams' Percentage Range (W%R) 37.50
Lane's Stochastic (%D-Slow) 51.91
Greed/Fear Indicator (GFI) 53.51
Moving Average Converg./Diverg. (MACD) -0.49
Trading Signals
Description Value Chart
Monthly Trendline Resistance 36.36
Weekly Trendline Resistance 35.92
Upper Bollinger Band 34.55
Parabolic System 34.54
Daily Stochastic Crossing 34.29
Price 34.05
Yearly Trendline Support 33.82
20 Day Moving Average 33.32
Weekly Trendline Support 33.02
Weekly Stochastic Crossing 32.79
50 Day Moving Average 32.75
Lower Bollinger Band 32.15
Monthly Trendline Support 29.00
Sector and Industry
Description Name Rank
Sector Services 6
Industry Business Services 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.12
Low Date 11/23/2018
High 34.54
High Date 12/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 35.92
Support 33.02
Low 30.22
Low Date 10/26/2018
High 34.54
High Date 12/04/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 36.36
Support 29.00
High 36.95
High Date 07/13/2018
Low 30.22
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.53
High Date 11/21/2017
Low 30.22
Low Date 10/26/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 42.19
Support 33.82
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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