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Security & Alarm Services Industry Stocks Technical Analysis - IPArchive
- 5/17/2024 -
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International Paper (IP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 5 consecutive negative weeks for the International Paper (IP). During the week, the IP gained 2.06 points, or 5.34%, and closed at 40.64 on Friday, May 17, 2024. Weekly volume was 14% 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 29.80 and resistance is at 63.80. 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 April 25, 2024 at 33.16 and reached 41.30 on May 7, 2024. IP gained -8.14 points, or -24.55%, in 1 weeks. The price is now at the 8.11% retracement level.
 Weekly Technical Indicators: [See IP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 May 10, 2024 at 38.10 and reached 40.95 on May 17, 2024. IP gained -2.85 points, or -7.48%, in 7 days. The price is now at the 10.88% retracement level.
Daily Technical Indicators: [See IP daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.
The daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
The distance between the Bollinger Bands is 115.30% higher then one year average. It indicates the period of high 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.
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