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Advanced TA SearchArchive
- 4/19/2024 -
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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 -3.52 points, or -3.83%, and closed at 88.40 on Friday, April 19, 2024. Weekly volume was -25% below average.
IR is a member of Industrials Sector. Industrials is the second 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 96.17 on March 25, 2024. IR gained -56.89 points, or -144.83%, in 88 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (66.56) 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 October 27, 2023 at 59.21 and reached 96.17 on March 25, 2024. IR gained -36.96 points, or -62.42%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (97.13) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IR may retest the broken support line. It is considered to be a resistance 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 support 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 below overbought area. Such crossover is considered a bearish 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 above its signal line since November 17, 2023. 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 March 25, 2024 at 96.17 and reached 87.46 on April 19, 2024. IR lost 8.71 points, or 9.06%, in 25 days. The price is now at the 10.79% retracement level.
 Daily Technical Indicators: [See IR daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Lane's Stochastic.
The daily MACD line is below its signal line since March 28, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and 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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