Iron Mountain Incorporated Stock Forecast
Stronger technical forecast for Iron Mountain Incorporated stock price after Friday trading.
(Updated on May 03, 2024)
The Iron Mountain Incorporated stock price fell by -2.18% on the last day (Friday, 3rd May 2024) from $77.00 to $75.32. During the last trading day the stock fluctuated 4.48% from a day low at $74.80 to a day high of $78.15. The price has risen in 6 of the last 10 days and is up by 0.29% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -631 thousand shares and in total, 2 million shares were bought and sold for approximately $123.23 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $73.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.68% during the next 3 months and, with a 90% probability hold a price between $81.04 and $94.50 at the end of this 3-month period.
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IRM Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Iron Mountain Incorporated stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $77.24 and $77.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -7.44%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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.
Golden Star 12 Months
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 $75.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.35 (4.48%) between high and low. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IRM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Iron Mountain Incorporated to open at $76.09, and during the day (based on 14 day Average True Range), to move between $73.60 and $77.04, which gives a possible trading interval of +/-$1.72 (+/-2.29%) up or down from last closing price. If Iron Mountain Incorporated takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $75.03 (0.39%) than the resistance at $78.61 (4.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Iron Mountain Incorporated stock A Buy?
The Iron Mountain Incorporated stock holds several negative signals and despite the positive trend, we believe Iron Mountain Incorporated will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.302 Sell Candidate Upgraded
Predicted Opening Price for Iron Mountain Incorporated of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$76.09 ( 1.02%) | $75.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IRM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 79.44 | 5.47 % | |
R2 | 78.16 | 3.77 % | ||
R1 | 77.37 | 2.72 % | ||
Current price: | 75.32 | |||
Support | S1 | 74.81 | -0.677 % | |
S2 | 74.02 | -1.73 % | ||
S3 | 72.74 | -3.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 81.03 | 7.58 % | |
R2 | 78.64 | 4.41 % | ||
R1 | 78.61 | 4.37 % | ||
Current price | 75.32 | |||
Support | S1 | 75.03 | -0.385% | |
S2 | 72.10 | -4.28% | ||
S3 | 67.82 | -9.96% |
IRM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Apr 04, 2024 | $0.650 | 0.83% |
2 | Nov 02, 2023 | Dec 14, 2023 | Jan 04, 2024 | $0.650 | 0.98% |
3 | Aug 03, 2023 | Sep 14, 2023 | Oct 05, 2023 | $0.650 | 1.13% |
4 | May 04, 2023 | Jun 14, 2023 | Jul 06, 2023 | $0.619 | 1.06% |
5 | Feb 23, 2023 | Mar 14, 2023 | Apr 05, 2023 | $0.619 | 1.20% |
FAQ
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