FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Levels, Targets, and Reversal Zones

September 5 Chart of the Day - Ingersoll Rand

 If you've been following our Chart of the Day posts and have benefited from one or more of them we ask that you consider participating our NEW Pay It Forward - Traders Helping Traders program.

Ingersoll Rand (IR) is a global market leader with a broad range of innovative and mission-critical air, fluid, energy and medical technologies, providing services and solutions to increase industrial productivity and efficiency. 

Since bottoming in April 2020 at $17.01 price has been making a series of higher highs and higher lows. By definition, a clear uptrend.

Recently creating new all time highs (ATH) at $70.65 the stock is trading at $68.57 today so perhaps taking a breather? 

Maybe, but where could price be heading we wondered...

Using price action technical analysis tools across the monthly and weekly charts we can determine potential upside targets using Fibonacci and Trend and potential pull back levels using Fibonacci as well as Support Resistance / Trend.

A possible line in the sand decision area to the downside could be in the $62 - $63 area while upside next targets up for the bulls are in the $73 - $77 zone or potentially even higher...

So what's next? 

We don't make predictions...

Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.

  1. Support/Resistance
  2. Trend
  3. Fibonacci 
  4. Supply/Demand Zones,
  5. Change Control Zones

Take a look at the charts and let us know what you think.  

We'd like to hear from you in the comments sections.

Have a chart you'd like to see featured? 

Send requests at

Would you like charts like this delivered directly to you every day?  ChartPros Trade Room is offering an OPEN HOUSE 7-day free trial at this link.



Leave a comment

Name .
Message .

Please note, comments must be approved before they are published