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- 12/13/2024 -
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Iron Mountain Inc. (IRM) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range and Lane's Stochastic are oversoldMACD bullish divergenceThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Iron Mountain Inc. (IRM). During the week, the IRM dropped -8.26 points, or -6.87%, and closed at 111.90 on Friday, December 13, 2024. IRM was trading at average weekly trading volume.

Long-term trend: [See IRM long-term trend chart]
A long-term uptrend had started on April 2, 2020 at 21.00 and reached 130.24 on October 25, 2024. IRM gained -109.24 points, or -520.19%, in 238 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (66.46) 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 IRM medium-term trend chart]
A medium-term uptrend had started on September 29, 2022 at 43.33 and reached 130.24 on October 25, 2024. IRM gained -86.91 points, or -200.58%, in 108 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (71.09) 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 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 November 8, 2024. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See IRM short-term trend chart]
A short-term downtrend had started on November 27, 2024 at 125.40 and reached 111.30 on December 11, 2024. IRM lost 14.10 points, or 11.24%, in 14 days. Price is near the trend low.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has declined below 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) 35.31
Williams' Percentage Range (W%R) 90.80
Strong Oversold
Lane's Stochastic (%D-Slow) 7.03
Strong Oversold
Greed/Fear Indicator (GFI) 17.19
Oversold
Moving Average Converg./Diverg. (MACD) -0.78 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.20
Williams' Percentage Range (W%R) 51.40
Lane's Stochastic (%D-Slow) 31.25
Greed/Fear Indicator (GFI) 42.89
Moving Average Converg./Diverg. (MACD) 9.36
Trading Signals
Description Value Chart
Upper Bollinger Band 124.68
50 Day Moving Average 120.07
Parabolic System 120.00
20 Day Moving Average 117.91
Weekly Stochastic Crossing 117.48
Daily Stochastic Crossing 112.13
Price 111.90
Lower Bollinger Band 110.02
Yearly Trendline Resistance 103.84
Quarterly Trendline Resistance 94.22
Sector and Industry
Description Name Rank
Sector Real Estate 6
Industry Specialized REITs 32
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 125.40
High Date 11/27/2024
Low 111.30
Low Date 12/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 125.40
High Date 11/27/2024
Low 111.30
Low Date 12/11/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.24
High Date 10/25/2024
Low 111.30
Low Date 12/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 94.22
Support 71.09
Low 43.33
Low Date 09/29/2022
High 130.24
High Date 10/25/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 103.84
Support 66.46
Low 21.00
Low Date 04/02/2020
High 130.24
High Date 10/25/2024
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.