Market Cap Surges as IR Jumps 0.23%, AI Detects Uptrend in Building Products Industry
The Swing Trader's Sector Rotation Strategy, incorporating both technical analysis (TA) and fundamental analysis (FA), yielded a 5% return for Ingersoll Rand (IR) with a stock price of $55.66. Remarkably, the market capitalization of IR surged by a staggering $28.0 billion, indicating strong investor confidence and a significant boost to the company's overall value.
Ingersoll Rand (IR, $55.66) experienced a significant surge in market capitalization, making it the top gainer according to Tickeron's analysis. Within a single day, IR's stock price rose by +0.23% to reach $55.66 per share. This upward movement resulted in a remarkable increase of $28.0 billion in the company's market capitalization, bringing it to a total of $40.8 billion.
The remarkable performance of Ingersoll Rand reflects its strong position in the market and investor confidence in the company's prospects. The positive market sentiment towards IR is further supported by Tickeron's AI analysis, which currently detects 86.67% (62 stocks) of Uptrend stocks and 13.33% (10 stocks) of Downtrend stocks out of a total of 72 stocks in the Building Products industry.
These findings indicate a predominantly favorable trend within the Building Products industry, with a majority of stocks exhibiting an upward trajectory. Ingersoll Rand's position as the leading gainer in market capitalization further solidifies its status as a promising player within the industry.
Investors and market participants are likely to closely monitor Ingersoll Rand's performance following this notable increase in market capitalization. The company's ability to sustain and build upon this positive momentum could have a significant impact on its future growth prospects and market value.
As the market evolves and new developments emerge, it will be interesting to observe how Ingersoll Rand and other companies in the Building Products industry fare. Market dynamics and investor sentiment are continually influenced by a multitude of factors, and staying informed about these trends can prove crucial for making well-informed investment decisions.
IR in upward trend: 10-day moving average broke above 50-day moving average on May 05, 2023
The 10-day moving average for IR crossed bullishly above the 50-day moving average on May 05, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where IR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
IR moved above its 50-day moving average on April 27, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IR advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
IR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 293 cases where IR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on IR as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for IR turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. IR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.537) is normal, around the industry mean (4.737). P/E Ratio (37.037) is within average values for comparable stocks, (43.970). Projected Growth (PEG Ratio) (1.564) is also within normal values, averaging (2.092). IR has a moderately low Dividend Yield (0.001) as compared to the industry average of (0.021). P/S Ratio (3.852) is also within normal values, averaging (11.584).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an industrial conglomerate which provides diversified quality and security products and services
Industry IndustrialMachinery
IR and
Correlation & Price change
A.I.dvisor indicates that over the last year, IR has been closely correlated with PH. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if IR jumps, then PH could also see price increases.
