IRM stock: buy or sell

IRM stock price: $38.15 0.42% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

2

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 setupBuy pointStop lossRisk
Uptrend buy setup$40.63$36.5710.00%

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)

SMAs overview

IRM stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $40.63 (6.50% above)
  • The current support levels are:

  • S1: $31.93 (-16.30% below)
  • S2: $31.65 (-17.04% below)
  • S3: $31.25 (-18.09% below)
  • Bollinger bands

    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

    IRM stock Bollinger Bands chart

    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

    IRM stock RSI chart

    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

    IRM stock price history chart

    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

    IRM performance compared
    Company1m3m6m
    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

    IRM summary

    Thursday, April 15th, 2021
    Open$38.1
    Close$38.15
    Day range$37.73 - $38.16
    Previous close$37.99
    Session gain0.42%
    Average true range$0.69
    50d mov avg$35.10
    100d mov avg$31.92
    200d mov avg$29.25
    Earnings dateMay 6th, 2021

    Frequently asked questions

    What is Iron Mountain Incorporated (Delaware) stock symbol?

    Iron Mountain Incorporated is a public company trading in the US stock market with the IRM symbol

    Is Iron Mountain Incorporated (Delaware) stock a buy or sell?

    Iron Mountain Incorporated (Delaware) had no ratings in the last 30 days Read the article to get additional tips on trading IRM stock.

    Will IRM go up?

    There were no price targets issued by analysts in the last 30 days for Iron Mountain Incorporated (Delaware).