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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
- 6/26/2026 -
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Ingersoll-Rand Plc (IR) Technical Analysis

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Summary:
Weekly :Overbought sectorStochastic signal line moved above oversold areaTrend support at 79.07Broken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence
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It was a sixth positive week after 4 consecutive negative weeks for the Ingersoll-Rand Plc (IR). During the week, the IR gained 3.46 points, or 4.44%, and closed at 81.37 on Friday, June 26, 2026. Weekly volume was 39% above 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 April 8, 2025 at 65.61 and reached 100.96 on February 13, 2026. IR gained -35.35 points, or -53.88%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (79.07) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See IR medium-term trend chart]
A medium-term downtrend had started on February 13, 2026 at 100.96 and reached 68.07 on May 19, 2026. IR lost 32.89 points, or 32.58%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (60.60) 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. IR 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 IR weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 May 19, 2026 at 68.07 and reached 82.61 on June 25, 2026. IR gained -14.54 points, or -21.36%, in 37 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 77.03 and resistance is at 84.02. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See IR daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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 link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since May 22, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.65
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 76.72
Bearish
Greed/Fear Indicator (GFI) 79.85
Moving Average Converg./Diverg. (MACD) 0.57 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.97
Williams' Percentage Range (W%R) 58.90
Lane's Stochastic (%D-Slow) 30.64
Greed/Fear Indicator (GFI) 40.83
Moving Average Converg./Diverg. (MACD) -1.84
Trading Signals
Description Value Chart
Weekly Trendline Resistance 84.02
Upper Bollinger Band 83.29
Price 81.37
Daily Stochastic Crossing 81.16
Quarterly Trendline Support 79.07
Parabolic System 77.42
Weekly Trendline Support 77.03
50 Day Moving Average 76.02
Monthly Trendline Resistance 75.70
20 Day Moving Average 74.94
Weekly Stochastic Crossing 73.11
Lower Bollinger Band 69.21
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Industrial Machinery 69
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.11
Low Date 06/23/2026
High 82.61
High Date 06/25/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 84.02
Support 77.03
Low 68.07
Low Date 05/19/2026
High 82.61
High Date 06/25/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 75.70
Support 60.60
High 100.96
High Date 02/13/2026
Low 68.07
Low Date 05/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 107.30
Support 79.07
Low 65.61
Low Date 04/08/2025
High 100.96
High Date 02/13/2026
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
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.