Ingersoll Rand Rises 1.67% Amid Technical Rebound Signals

Ingersoll Rand (IR) closed at $79 on September 17, 2025, posting a 1.67% daily gain. This analysis evaluates IR's technical posture using multiple methodologies.
Candlestick Theory
Recent price action shows consolidation between the September 11 high of $82.36 and the September 16 low of $77.495. The September 17 session formed a bullish engulfing pattern after testing the $77.85 support level – a zone reinforced by the August 26 low of $79.42. Resistance is evident near $81.30, coinciding with the September 12 high. These levels define the current trading range, with a decisive break above $81.30 suggesting bullish conviction.
Moving Average Theory
The 50-day moving average (approximately $80.50) remains above the 100-day (~$82.00) and 200-day (~$85.80), confirming a bearish stacked configuration. Price currently trades below all three averages, indicating persistent downward pressure. A bullish reversal would require sustained trading above the 50-day MA, which has capped recovery attempts throughout September.
MACD & KDJ Indicators
MACD shows a tentative bullish crossover below the zero line, though its position in negative territory implies weak momentum. The KDJ oscillator (%K: 35, %D: 30) rebounds from oversold territory but remains below the 50 midpoint, reflecting tepid buying interest. This alignment suggests potential for a technical bounce but lacks confirmation of a sustained trend reversal.
Bollinger Bands
Bands contracted significantly in early September, preceding the recent price decline to the $77-78 range. Current trading near the lower band (20-day SMA: $80.20, lower band: ~$77.50) indicates ongoing bearish pressure. The absence of price expansion beyond the bands implies no immediate exhaustion signal, though compression may foreshadow increased volatility.
Volume-Price Relationship
Recent down days (e.g., September 12: -2.75% on 3.64M shares) saw higher volume than up days (September 17: +1.67% on 5.52M shares), confirming bearish conviction. The August 1 selloff (-11.40% on 12.2M shares) established a high-volume resistance zone near $85. Current rallies lack comparable volume support, undermining sustainability.
Relative Strength Index
The 14-day RSI reading of 38 reflects neutrality, having recently exited oversold territory (September 16: RSI 29). While oversold conditions have eased, the indicator's position below 50 demonstrates persistent bearish momentum. Traders should note RSI has remained below 60 since early August, limiting bullish reversal signals.
Fibonacci Retracement
Using the April swing high of $105.35 and the August low of $73.52, key retracement levels emerge. Recent resistance aligns with the 23.6% level ($80.80), which rejected prices on September 11. The 38.2% level ($83.70) corresponds with September resistance near $83.50. This confluence strengthens the technical significance of the $80.80-$83.70 zone as a key recovery barrier.
Confluence and Divergences
Confluence exists at $77.50-78.00 (candlestick support, Bollinger lower band, and July swing low). Bullish divergences appear between price (lower lows in September) and RSI (higher lows), suggesting weakening downside momentum. However, volume discrepancies during rallies and bearish moving average alignment warrant caution. MACD/KDJ improvements lack volume confirmation, indicating potential false reversals. A sustained breach above the Fibonacci 23.6% level ($80.80) on expanding volume could signal a credible recovery attempt.