IRM stock: buy or sell
Apr 16th, 2021
IRM stock brief
- Iron Mountain Incorporated (Delaware) stock scarcely moved 0.42% to close at $38.15 on the stock market on Thursday.
- Price is drawing a scaled uptrend since November 2020 with higher tops and higher bottoms. This rally marked a 59.36% 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?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 matches one trading strategy:
Uptrend buy setup
Iron Mountain Incorporated (Delaware) stock continues to trend higher since in November 2020 and marked an amazing 59.36% gain. Price marked a local bottom in this uptrend at $30.69 last February, and since then it bounced off a 24.31%. Now, it's only 6.50% away from breaking out above its last top and resume the uptrend. The new buy point is therefore at $40.63. If you decide to enter this trade, the suggested stop loss is at $36.57
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$40.63||$36.57||10.00%|
Should I sell Iron Mountain Incorporated (Delaware) stock?
How to know when is it time to sell Iron Mountain Incorporated (Delaware) stock?. Trading strategies let us to avoid impetuous decisions based on our personal sentiments or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very easy to follow but are only valid for selling shares in your porfolio, not for shorting $IRM stock
As a rule of thumb, you should never mantain an investment that results in losses greater than those expected upon purchase. The moment to sell your stock must always be determined 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 hold Iron Mountain Incorporated (Delaware) shares and your operation is in profit probably is not time to sell now
Iron Mountain Incorporated (Delaware) ratings
We don't have any rating posted in the previous 30 days for Iron Mountain Incorporated (Delaware)
Iron Mountain Incorporated (Delaware) stock analysis
Since in November 2020, Iron Mountain Incorporated (Delaware) has been drawing an uptrend that so far marked a gorgeous 59.36%. During this uptrend, the price provided some buy points on the breakouts. Latest low was last February, when price bounced at $30.69. Currently, the price swings in a consolidation between its last top ($40.63) and its last bottom ($30.69)
Supports and resistances
The current resistance levels are:
The current support levels are:
The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Thursday was 67.71. Iron Mountain Incorporated (Delaware) stock skyrocketed a 3.64% since that level was lost
Iron Mountain Incorporated (Delaware) stock price history
Iron Mountain Incorporated (Delaware) started trading on Feb 1st, 1996 priced at $1.43 per share1. Since then, IRM stock surged by 2,567.83%, with an average of 102.71% per year. If you had invested $1,000USD in Iron Mountain Incorporated (Delaware) stock on Feb 1996, it would have a value of $26,678.32 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Iron Mountain Incorporated (Delaware) stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
The following table shows the price target posted by financial institutions in the last 30 days. Again, these forecasts are not direct recommendations for individual investors and should not be trusted blindly.
In the last 30 days we couldn't find any price target posted for Iron Mountain Incorporated (Delaware) stock.
Earnings and financials
Shareholders event was hosted by Iron Mountain Incorporated (Delaware) ($IRM) last February after releasing the financial report. IRM missed consensus earnings estimates and posted of $0.29, that is a -6.45% lower than the previous estimates of $0.31. However, reported sales of $1.1 billion were in line with analysts forecasts.Compared to the same quarter last year, EPS was $0.31, so posted EPS means a decrease of -6.45%. Turnover scarcely moved on an annualized basis in the , from $10.8B to $10.6B last quarter.
IRM ($IRM) is releasing quarterly financial report early next May. Analysts predict of $0.25, that is a 13.79% less than Q4.
Iron Mountain Incorporated (Delaware) performance
|Iron Mountain Incorporated (Delaware) ($IRM)||6.70%||35.90%||42.80%|
Important:The opinions contained in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the individual situations of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for general educational motives only
|Thursday, April 15th, 2021|
|Day range||$37.73 - $38.16|
|Average true range||$0.69|
|50d mov avg||$35.10|
|100d mov avg||$31.92|
|200d mov avg||$29.25|
|Earnings date||May 6th, 2021|