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Downtrend Broken Resist.Archive - 3/15/2024 - Sign In to see current Signals. |
International Paper (IP) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a third consecutive positive week for the International Paper (IP). During the week, the IP climbed 0.11 points, or 0.30%, and closed at 36.35 on Friday, March 15, 2024. IP was trading at average weekly trading volume. IP is a member of Materials Sector. Materials is the 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 IP long-term trend chart] A long-term uptrend had started on June 1, 2023 at 29.01 and reached 38.21 on December 14, 2023. IP gained -9.20 points, or -31.71%, in 28 weeks. The price is now at the 20.22% retracement level. Medium-term trend: [See IP medium-term trend chart] A medium-term uptrend had started on November 20, 2023 at 31.77 and reached 38.21 on December 14, 2023. IP gained -6.44 points, or -20.27%, in 3 weeks. The price is now at the 28.88% retracement level. Weekly Technical Indicators: [See IP weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since February 2, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help. Short-term trend: [See IP short-term trend chart] A short-term uptrend had started on February 6, 2024 at 32.70 and reached 37.19 on February 20, 2024. IP gained -4.49 points, or -13.73%, in 14 days. The price is now at the 18.71% retracement level. Daily Technical Indicators: [See IP daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help. The daily MACD line is above its signal line since February 28, 2024. This is an indication that the short-term trend is up. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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