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Archive
- 12/13/2024 -
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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 dropped -1.18 points, or -1.15%, and closed at 101.10 on Friday, December 13, 2024. Weekly volume was -24% below average.
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 106.00 on November 25, 2024. IR gained -66.72 points, or -169.86%, in 123 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (77.82) 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 May 3, 2024 at 85.90 and reached 106.00 on November 25, 2024. IR gained -20.10 points, or -23.40%, in 29 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See IR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since October 4, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See IR short-term trend chart]
A short-term downtrend had started on November 25, 2024 at 106.00 and reached 100.70 on December 13, 2024. IR lost 5.30 points, or 5%, in 18 days. The price is now at the 7.55% retracement level.
 Daily Technical Indicators: [See IR daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands is falling, and it was 4.79% on Friday. It is 53.55% lower than one year average. It indicates the period of low volatility of the stock price. 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
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