Iron Mountain Incorporated Stock Forecast

Stronger technical forecast for Iron Mountain Incorporated stock price after Tuesday trading.
(Updated on Jul 02, 2024)

IRM Signals & Forecast

The Iron Mountain Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $89.35 and $84.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 22.08%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, November 01, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Iron Mountain Incorporated stock

Iron Mountain Incorporated finds support from accumulated volume at $89.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.49 between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 1.42%.

The Iron Mountain Incorporated stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.

Our recommended stop-loss: $87.87 (-3.28%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 79 days ago.)

Trading Expectations (IRM) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Iron Mountain Incorporated to open at $90.49, and during the day (based on 14 day Average True Range), to move between $89.28 and $92.42, which gives a possible trading interval of +/-$1.57 (+/-1.73%) up or down from last closing price. If Iron Mountain Incorporated takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $89.62, some $1.23 (1.35%) from the current price of $90.85, our system finds the risk reward attractive.

Is Iron Mountain Incorporated stock A Buy?

Iron Mountain Incorporated holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.105 Strong Buy Candidate Upgraded

Predicted Opening Price for Iron Mountain Incorporated of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.