The Greedy Trader Weekly Analysis
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Archive
- 4/12/2019
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Iron Mountain Inc.
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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fifth consecutive positive week for the Iron Mountain Inc. (IRM). During the week, the IRM climbed 0.17 points, or 0.47%, and closed at 36.53 on Friday, April 12, 2019. Weekly volume was -40% below average.

Long-term trend: [See IRM long-term trend chart]
A long-term downtrend had started on November 21, 2017 at 41.53 and reached 30.22 on October 26, 2018. IRM lost 11.31 points, or 27.23%, in 48 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (29.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IRM may retest the broken resistance line. It is considered to be a support line now. 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 IRM medium-term trend chart]
A medium-term uptrend had started on October 26, 2018 at 30.22 and reached 37.32 on February 1, 2019. IRM gained -7.10 points, or -23.49%, in 14 weeks. The price is now at the 11.13% retracement level.

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 January 4, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 20, 2019 at 34.09 and reached 36.54 on April 12, 2019. IRM gained -2.45 points, or -7.19%, in 23 days. Price is near the trend high.

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

The daily MACD line is above its signal line since March 21, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 75.76
Bearish
Williams' Percentage Range (W%R) 11.40
Overbought
Lane's Stochastic (%D-Slow) 84.50
Overbought Bearish
Greed/Fear Indicator (GFI) 82.94
Overbought
Moving Average Converg./Diverg. (MACD) 0.20 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.11
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 46.88
Greed/Fear Indicator (GFI) 62.20
Moving Average Converg./Diverg. (MACD) 0.31
Trading Signals
Description Value Chart
Upper Bollinger Band 36.99
Price 36.53
Daily Stochastic Crossing 36.37
Parabolic System 35.70
20 Day Moving Average 35.62
50 Day Moving Average 35.61
Weekly Stochastic Crossing 35.29
Lower Bollinger Band 34.62
Quarterly Trendline Resistance 31.57
Quarterly Trendline Support 29.80
Sector and Industry
Description Name Rank
Sector Services 3
Industry Business Services 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.89
Low Date 04/09/2019
High 36.54
High Date 04/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.09
Low Date 03/20/2019
High 36.54
High Date 04/12/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.22
Low Date 10/26/2018
High 37.32
High Date 02/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 31.57
Support 29.80
High 41.53
High Date 11/21/2017
Low 30.22
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.53
High Date 02/06/2015
Low 23.64
Low Date 01/20/2016
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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