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- 1/8/2021 -
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Interpublic Group (IPG)

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance lineTrend support at 24.49
Daily :The period of low volatility of the stock price
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It was a second consecutive positive week for the Interpublic Group (IPG). During the week, the IPG gained 0.82 points, or 3.49%, and closed at 24.34 on Friday, January 8, 2021. Weekly volume was -10% below average.

IPG is a member of Communication Services Sector. Communication Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See IPG long-term trend chart]
A long-term downtrend had started on February 16, 2018 at 26.01 and reached 11.63 on March 23, 2020. IPG lost 14.38 points, or 55.29%, in 109 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (6.33) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See IPG medium-term trend chart]
A medium-term uptrend had started on September 24, 2020 at 15.92 and reached 25.23 on January 7, 2021. IPG gained -9.31 points, or -58.48%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (24.49) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See IPG weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See IPG short-term trend chart]
A short-term uptrend had started on January 4, 2021 at 23.05 and reached 25.23 on January 7, 2021. IPG gained -2.18 points, or -9.46%, in 3 days. The price is now at the 40.83% retracement level.

Daily Technical Indicators: [See IPG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since December 9, 2020. The distance between MACD and the signal line is low and getting smaller.

The distance between the Bollinger Bands is falling, and it was 7.72% on Friday. It is 62.38% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.25
Williams' Percentage Range (W%R) 34.80
Lane's Stochastic (%D-Slow) 51.03
Greed/Fear Indicator (GFI) 57.15
Moving Average Converg./Diverg. (MACD) 0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.84
Overbought
Williams' Percentage Range (W%R) 8.40
Strong Overbought
Lane's Stochastic (%D-Slow) 90.78
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 81.84
Overbought
Moving Average Converg./Diverg. (MACD) 0.94 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 26.16
Weekly Stochastic Crossing 24.70
Upper Bollinger Band 24.56
Monthly Trendline Support 24.49
Daily Stochastic Crossing 24.37
Price 24.34
20 Day Moving Average 23.78
Parabolic System 23.48
Lower Bollinger Band 22.69
50 Day Moving Average 22.34
Yearly Trendline Resistance 20.59
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Advertising 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 23.05
Low Date 01/04/2021
High 25.23
High Date 01/07/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.99
Low Date 12/22/2020
High 25.23
High Date 01/07/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 26.16
Support 24.49
Low 15.92
Low Date 09/24/2020
High 25.23
High Date 01/07/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.63
Low Date 03/23/2020
High 25.23
High Date 01/07/2021
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 20.59
Support 6.33
High 26.01
High Date 02/16/2018
Low 11.63
Low Date 03/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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