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.

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- 5/2/2025 -
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Iron Mountain Inc. (IRM) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtLane's Stochastic bearish divergence
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It was a fourth consecutive positive week for the Iron Mountain Inc. (IRM). During the week, the IRM gained 8.04 points, or 9.17%, and closed at 95.76 on Friday, May 2, 2025. Weekly volume was 21% above average.

IRM is a member of Real Estate Sector. Real Estate 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 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 price is now at the 31.56% retracement level.

Medium-term trend: [See IRM medium-term trend chart]
A medium-term downtrend had started on October 25, 2024 at 130.24 and reached 72.33 on April 7, 2025. IRM lost 57.91 points, or 44.46%, in 23 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (63.80) 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 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. This is an indication that the medium-term trend is down. 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 May 1, 2025 at 93.16 and reached 97.11 on May 2, 2025. IRM gained -3.95 points, or -4.24%, in 1 days. The price is now at the 34.18% retracement level.

Daily Technical Indicators: [See IRM daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic 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 April 10, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.73
Williams' Percentage Range (W%R) 15.60
Overbought
Lane's Stochastic (%D-Slow) 92.49
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 85.20
Overbought
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.95
Williams' Percentage Range (W%R) 57.00
Lane's Stochastic (%D-Slow) 40.39
Greed/Fear Indicator (GFI) 43.14
Moving Average Converg./Diverg. (MACD) -4.49
Trading Signals
Description Value Chart
Upper Bollinger Band 96.28
Daily Stochastic Crossing 95.98
Price 95.76
Quarterly Trendline Resistance 91.92
Parabolic System 87.24
50 Day Moving Average 86.52
20 Day Moving Average 84.58
Weekly Stochastic Crossing 83.82
Lower Bollinger Band 77.67
Sector and Industry
Description Name Rank
Sector Real Estate 11
Industry Specialized REITs 93
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 93.16
Low Date 05/01/2025
High 97.11
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 93.16
Low Date 05/01/2025
High 97.11
High Date 05/02/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.33
Low Date 04/07/2025
High 97.11
High Date 05/02/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 91.92
Support 63.80
High 130.24
High Date 10/25/2024
Low 72.33
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.