How the price action of Ingersoll Rand ($IR) is used to our Advantage
May 11, 2023, 03:00 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IR
- Buy IR slightly over 57.87 target n/a stop loss @ 57.7. Details
The technical summary data tells us to buy IR near 57.87, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 57.7 to protect against excessive loss in case the stock begins to move against the trade. 57.87 is the first level of support below 58.41, and by rule, any test of support is a buy signal. In this case, if support 57.87 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for IR
- Buy IR slightly over 58.44, target 60.30, Stop Loss @ 58.27 Details
If 58.44 begins to break higher, the technical summary data tells us to buy IR just slightly over 58.44, with an upside target of 60.30. The data also tells us to set a stop loss @ 58.27 in case the stock turns against the trade. 58.44 is the first level of resistance above 58.41, and by rule, any break above resistance is a buy signal. In this case, 58.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short IR slightly near 58.44, target 57.87, Stop Loss @ 58.61. Details
The technical summary data is suggesting a short of IR if it tests 58.44 with a downside target of 57.87. We should have a stop loss in place at 58.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 58.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for IR
- Buy IR slightly over 58.44, target 58.93, Stop Loss @ 58.3 Details
If 58.44 begins to break higher, the technical summary data tells us to buy IR just slightly over 58.44, with an upside target of 58.93. The data also tells us to set a stop loss @ 58.3 in case the stock turns against the trade. 58.44 is the first level of resistance above 58.41, and by rule, any break above resistance is a buy signal. In this case, 58.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short IR slightly near 58.44, target 57.87, Stop Loss @ 58.58. Details
The technical summary data is suggesting a short of IR if it tests 58.44 with a downside target of 57.87. We should have a stop loss in place at 58.58 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 58.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Ingersoll Rand (IR) available here: IR.
IR Ratings for May 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
46.83 |
| P2 |
58.93 |
58.44 |
52.36 |
| P3 |
60.05 |
60.30 |
57.87 |
AI Generated Signals for IR
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Ingersoll Rand (NYSE: IR) data table below can help you with price action, and we have more details too. Trading plans for IR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IR:
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