The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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Ingersoll-Rand Plc (IR) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineLane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement level
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Ingersoll-Rand Plc (IR). During the week, the IR gained 2.94 points, or 4.08%, and closed at 74.98 on Friday, April 25, 2025. Weekly volume was -7% below average.

Long-term trend: [See IR long-term trend chart]
A long-term downtrend had started on November 25, 2024 at 106.00 and reached 65.61 on April 8, 2025. IR lost 40.39 points, or 38.10%, in 19 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See IR medium-term trend chart]
A medium-term downtrend had started on January 31, 2025 at 95.85 and reached 65.61 on April 8, 2025. IR lost 30.24 points, or 31.55%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (58.72) 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 IR weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since December 13, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See IR short-term trend chart]
A short-term uptrend had started on April 8, 2025 at 65.61 and reached 76.58 on April 23, 2025. IR gained -10.97 points, or -16.72%, in 15 days. The price is now at the 14.59% retracement level.

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

The daily MACD line is above its signal line since April 16, 2025. This is an indication that the short-term trend is up.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.11
Williams' Percentage Range (W%R) 41.20
Lane's Stochastic (%D-Slow) 69.67
Greed/Fear Indicator (GFI) 62.84
Moving Average Converg./Diverg. (MACD) -2.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.72
Williams' Percentage Range (W%R) 75.80
Lane's Stochastic (%D-Slow) 19.61
Oversold
Greed/Fear Indicator (GFI) 28.17
Moving Average Converg./Diverg. (MACD) -3.37
Trading Signals
Description Value Chart
Upper Bollinger Band 82.64
50 Day Moving Average 79.51
Price 74.98
Daily Stochastic Crossing 74.70
20 Day Moving Average 73.63
Weekly Stochastic Crossing 70.01
Monthly Trendline Resistance 69.78
Parabolic System 68.26
Lower Bollinger Band 66.56
Sector and Industry
Description Name Rank
Sector Industrials 6
Industry Industrial Machinery 33
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 68.97
Low Date 04/21/2025
High 76.58
High Date 04/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.61
Low Date 04/08/2025
High 76.58
High Date 04/23/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 69.78
Support 58.72
High 95.85
High Date 01/31/2025
Low 65.61
Low Date 04/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.00
High Date 11/25/2024
Low 65.61
Low Date 04/08/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.28
Low Date 07/14/2022
High 106.00
High Date 11/25/2024
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.