Ingersoll-Rand Technical Analysis (NYSE:IR)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Ingersoll-Rand stock price data and volume are plotted in IR stock charts and these trading charts form the basis of technical analysis.
See Ingersoll-Rand bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Ingersoll-Rand stock analysis that does not care for the fair value of a company but uses price and volume data only.
Ingersoll-Rand Moving Average
Moving averages help predict the price direction of IR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $102.15 is below the last closing price of $104.03 and the 50 day moving average of $98.47 is below the last closing price of $104.03. The 10 and 20 day periods can predict short term moving average trends.
Ingersoll-Rand Bollinger Bands
Bollinger bands comprise of a center line usually IR SMA, and two IR stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Ingersoll-Rand bollinger bands.
Ingersoll-Rand Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Ingersoll-Rand MACD indicator can be used to identify bullish and bearish trends for the stock.
Ingersoll-Rand Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of IR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.