The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/15/2024 -
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International Paper (IP) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Stochastic has declined below the signal lineThe price has risen above the Parabolic SAR
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.07
Williams' Percentage Range (W%R) 32.40
Lane's Stochastic (%D-Slow) 68.79
Greed/Fear Indicator (GFI) 71.14
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.29
Williams' Percentage Range (W%R) 32.90
Lane's Stochastic (%D-Slow) 49.14
Greed/Fear Indicator (GFI) 55.06
Moving Average Converg./Diverg. (MACD) 0.34
Trading Signals
Description Value Chart
Upper Bollinger Band 37.29
Price 36.35
Daily Stochastic Crossing 36.33
50 Day Moving Average 35.80
20 Day Moving Average 35.48
Weekly Stochastic Crossing 35.34
Lower Bollinger Band 34.14
Parabolic System 34.01
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Paper Packaging 70
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.70
Low Date 02/06/2024
High 37.19
High Date 02/20/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.77
Low Date 11/20/2023
High 38.21
High Date 12/14/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.01
Low Date 06/01/2023
High 38.21
High Date 12/14/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.27
High Date 06/04/2021
Low 29.01
Low Date 06/01/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.94
High Date 01/29/2018
Low 26.38
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.