IRM stock: buy or sell
Jan 27th, 2021
IRM stock brief
- Iron Mountain Incorporated (Delaware) exploded a 4.02% after reaching new highs on Monday
- The price is currently over the upper Bollinger band, which is usually an indicator of a near-term correction
- With the recent gains, Iron Mountain Incorporated (Delaware) is approaching to new all-time highs again, that are now just 6.05% above the current trading
- The stock is configuring an uptrend pattern since last November, when it bottomed at $24.34. This uptrend marked a 37.22% gain
- Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services.
Should I buy Iron Mountain Incorporated (Delaware) stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $IRM stock a buy?
Currently, Iron Mountain Incorporated (Delaware) stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $IRM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Iron Mountain Incorporated (Delaware) stock?
Do you know when is it time to sell Iron Mountain Incorporated (Delaware)?. In the same way as when we have to buy shares, deciding when is the best time to sell is not a haphazard decision, and we must use our own trading style. When selling, as well as buying, detailed setups are very simple to use but are only applicable for selling shares you already own, not for shorting Iron Mountain Incorporated (Delaware) stock
As a golden rule, you should not mantain a trading operation that leads to losses greater than those expected at the time of the buy. The timing to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Iron Mountain Incorporated (Delaware) stock?
Currently, Iron Mountain Incorporated (Delaware) stock doesn't match any of our preferred sell setups, so if you own Iron Mountain Incorporated (Delaware) stock and your operation is in profit probably is not time to sell now
Iron Mountain Incorporated (Delaware) ratings
In the previous 30 days we couldn't find any rating for Iron Mountain Incorporated (Delaware)
Iron Mountain Incorporated (Delaware) stock analysis
Iron Mountain Incorporated (Delaware) stock started an uptrend last November, and grew an amazing 37.22%. Rising tops and bottoms can be seen easily on a chart and how price action offered very few buy points on the breakouts. Latest low was on January 12, when price bounced at $27.72. Like in all uptrends, price needs to rest and currently price is consolidating the gains in a range between $35.55 and $27.72
$IRM at All-time Highs
On Monday, Iron Mountain Incorporated (Delaware) marked new all-time highs (ATH) again at $35.55. Previous ATHs were in November 2017
Supports and resistances
The current resistance levels are:
The current support levels are:
When the price moves out of the band (above the upper line or below the lower line) it indicates that the price is currently having a very strong momentum and therefore can correct the trend to the average. At this point, the price is above the upper band, and that should mean a near-term correction (at least) until it is below the band
Relative strength index
Crossed over the 70 level Tuesday, with a value of 77.33. Contrary to what many investors may think, the fact that the value is in the overvalued zone does not imply a sell signal, as shares can be in the overvalued zone for many, many weeks and continue to rally
Iron Mountain Incorporated (Delaware) stock price history
Iron Mountain Incorporated (Delaware) started trading priced at an adjusted price1 of $1.44 on Feb 1996. Since then, IRM stock has risen by 2,219.44%, with an average of 88.78% per year. An investment of $1,000USD on Feb 1996 would worth $23,194.44 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Iron Mountain Incorporated (Delaware) stock
Nobody knows how much a stock will be priced in the future. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and many times. Again, these estimates are not direct recommendations for individual investors and must not be followed blindly.
In the previous 30 days we couldn't find any price target published for Iron Mountain Incorporated (Delaware) stock.
Earnings and financials
Iron Mountain Incorporated ($IRM) published quarterly earnings of $0.31 per share last November, significantly enhancing the analysts consensus estimate of $0.25 per share. This Q3 report represents an earnings surprise of 24.00%.For comparison, the EPS for the same quarter last year was $0.32, so reported EPS is a loss of -3.13%. Looking at revenue, figures barely moved compared to $10.6B same quarter 12 months ago.
IRM ($IRM) is hosting the quarterly earnings call next Thursday. Wall Street analysts estimate of $0.31, that is a 0.00% than Q3.
Iron Mountain Incorporated (Delaware) performance
|Iron Mountain Incorporated (Delaware) ($IRM)||12.70%||23.20%||25.70%|
Disclaimer:The viewpoints published in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the individual situations of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for general educational purposes only
|Tuesday, January 26th, 2021|
|Day range||$31.91 - $33.73|
|Average true range||$1.28|
|50d mov avg||$28.32|
|100d mov avg||$27.69|
|200d mov avg||$26.56|
|Earnings date||February 11th, 2021|