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Security & Alarm Services Industry Stocks Technical Analysis - IPArchive
- 6/7/2024 -
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International Paper (IP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the International Paper (IP). During the week, the IP climbed 0.12 points, or 0.27%, and closed at 45.21 on Friday, June 7, 2024. Weekly volume was 16% above average.
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 downtrend had started on January 29, 2018 at 66.94 and reached 26.38 on March 23, 2020. IP lost 40.56 points, or 60.59%, in 112 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 29.85 and resistance is at 63.77. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See IP medium-term trend chart]
A medium-term uptrend had started on June 1, 2023 at 29.01 and reached 46.34 on June 7, 2024. IP gained -17.33 points, or -59.74%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (34.69) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See IP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 10, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See IP short-term trend chart]
A short-term downtrend had started on May 24, 2024 at 46.10 and reached 43.90 on June 7, 2024. IP lost 2.20 points, or 4.77%, in 14 days. The chart has formed a Falling Channel chart pattern.
 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
10 |
| Industry |
Paper Packaging |
113 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| High |
46.10 |
| High Date |
05/24/2024 |
| Low |
43.90 |
| Low Date |
06/07/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
33.16 |
| Low Date |
04/25/2024 |
| High |
46.34 |
| High Date |
06/07/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Right-Angled, Ascending Wedge |
| Status |
Valid |
| Resistance |
47.47 |
| Support |
33.38 |
| Low |
32.70 |
| Low Date |
02/06/2024 |
| High |
46.34 |
| High Date |
06/07/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
41.73 |
| Support |
34.69 |
| Low |
29.01 |
| Low Date |
06/01/2023 |
| High |
46.34 |
| High Date |
06/07/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Valid |
| Resistance |
63.77 |
| Support |
29.85 |
| High |
66.94 |
| High Date |
01/29/2018 |
| Low |
26.38 |
| Low Date |
03/23/2020 |
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