Iron Mountain Incorporated (IRM)

IRM stock forecast: buy or sell

IRM stock outlook

  • Iron Mountain Incorporated (Delaware) closed today at $26.18 after only changing a 0.08%.
  • Price is drawing a scaled uptrend since early April with higher tops and higher bottoms. This rally marked a 27.52% gain
  • Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services.
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Please read:
The comments written in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the individual conditions of the reader, his or her own finances 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 Comments are published for general educational motives only

IRM stock chart overview

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?

In the current situation of Iron Mountain Incorporated (Delaware) there is just one buy setup eligible:

Uptrend buy setup

Iron Mountain Incorporated (Delaware) stock continues to trend higher since in early April and has marked a gorgeous 27.52% gain. Price marked a local bottom in this uptrend at $24.37 on June 26, and since then it bounced up a 7.43%. Breaking out above $29.99 - it's last top - will be a good entry point if Iron Mountain Incorporated (Delaware) resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $26.99

Buy setupBuy pointStop lossRisk
Uptrend buy setup$29.99$26.9910%
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Should I sell Iron Mountain Incorporated (Delaware) stock?

When you own a stock with some profit, it's really difficult to decide the best moment to sell and get your benefits. Like when we have to buy shares, determining when is the best time to sell is not a fickle decision, and we must follow our own trading style. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short IRM stock

A golden rule is that you should never mantain a trade that yields losses greater than those expected at the time of purchase. When to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Iron Mountain Incorporated (Delaware) stock?

In the current situation of Iron Mountain Incorporated (Delaware) there is not any eligible sell setup, so Iron Mountain Incorporated (Delaware) stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell Iron Mountain Incorporated (Delaware) stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating published in the previous 30 days for Iron Mountain Incorporated (Delaware)

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Technical analysis

Iron Mountain Incorporated (Delaware) shares started an uptrend in early April, and grew an amazing 27.52%. During this uptrend, the price gave some entry points on the breakouts. Latest low was on June 26, when price bounced at $24.37. Currently, the price moves in a consolidation between its last top ($29.99) and its last bottom ($24.37)

SMAs overview

A favorite tool of many traders are the moving averages, that easily show market direction. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. Further about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Technical analysts use support and resistance levels as a way to identify price points in the stock price action that may work as obstacles, containing the price of a stock to move up or down. Supports are levels where the price may find support as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it will probably continue falling until finding another support level. On the other hand, resistances are where the price may find resistance as it moves up. Likewise, this means that the price is more likely to "bounce off" at this level, and if it finally crosses this level, it will rise easily until it hits the next resistance

The current resistance levels are:

  • R1: $26.33 (0.57% above)
  • R2: $26.38 (0.76% above)
  • R3: $26.42 (0.92% above)
  • The current support levels are:

  • S1: $26.17 (-0.04% below)
  • S2: $25.94 (-0.92% below)
  • S3: $25.73 (-1.72% below)
  • Bollinger bands

    So-called Bollinger bands are a widely known technical strategy created by John Bollinger. In essence, the Bollinger Bands are lines that flow around a centralmoving averagediffering in distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that gauges price fluctuations to detect when the share or financial asset is oversold or overbought. Like other oscillation indicators, the RSI moves between 0% and 100%. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by traders

    The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for 1 day (weak signal). The RSI reading today was 50.69. Since that level was lost, Iron Mountain Incorporated (Delaware) stock collapsed a 11.1%

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    Earnings and financials

    Iron Mountain Incorporated (IRM) published 1st-quarter earnings of $0.27 per share, highly improving the Market consensus estimate of $0.18 per share. This quarterly report means an earnings surprise of 50%. On the contrary, the company said turnover for Q1 was $1.1 billion consistent with the market estimates.

    This compares to earnings of $0.17 per share a year ago, so reported EPS means an increase of 58.82%. Revenue scarcely moved on an annualized basis in the 1st-quarter, from $1.1B to $1.1B last quarter.

    IRM is posting Q2 financial report on late next July. Wall Street analysts forecast a per-share earnings of %s of $0.13, that is a 51.85% less than previous quarter. Financial reporting day has an additional risk for traders as the results posted can jump up or down the shares price with very low volume and not honouring your buy or stop-loss orders. Check company's website to confirm time and details about the earnings call and the earnings report.

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