The Greedy Trader Weekly Analysis
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- 4/26/2024 -
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Interpublic Group (IPG) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend support lineWilliams' Percentage Range is oversold
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 3 consecutive negative weeks for the Interpublic Group (IPG). During the week, the IPG gained 0.75 points, or 2.44%, and closed at 31.47 on Friday, April 26, 2024. IPG was trading at average weekly trading volume.

Long-term trend: [See IPG long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 11.63 and reached 40.95 on June 14, 2023. IPG gained -29.32 points, or -252.11%, in 168 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (33.60) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See IPG medium-term trend chart]
A medium-term uptrend had started on October 20, 2023 at 27.20 and reached 35.17 on March 14, 2024. IPG gained -7.97 points, or -29.30%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (33.39) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See IPG weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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.

The weekly MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 April 16, 2024 at 30.06 and reached 31.67 on April 24, 2024. IPG gained -1.61 points, or -5.36%, in 8 days. The price is now at the 12.42% retracement level.

Daily Technical Indicators: [See IPG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 50.00
Williams' Percentage Range (W%R) 62.60
Lane's Stochastic (%D-Slow) 77.08
Greed/Fear Indicator (GFI) 54.81
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.32
Williams' Percentage Range (W%R) 80.60
Oversold
Lane's Stochastic (%D-Slow) 22.70
Greed/Fear Indicator (GFI) 29.38
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Monthly Trendline Resistance 36.64
Yearly Trendline Support 33.60
Monthly Trendline Support 33.39
Upper Bollinger Band 32.58
50 Day Moving Average 31.89
Price 31.47
Daily Stochastic Crossing 31.33
20 Day Moving Average 31.18
Weekly Stochastic Crossing 30.97
Parabolic System 30.37
Lower Bollinger Band 29.95
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Advertising 61
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.06
Low Date 04/16/2024
High 31.67
High Date 04/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.17
High Date 03/14/2024
Low 30.06
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 36.64
Support 33.39
Low 27.20
Low Date 10/20/2023
High 35.17
High Date 03/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 40.95
High Date 06/14/2023
Low 27.20
Low Date 10/20/2023
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 41.58
Support 33.60
Low 11.63
Low Date 03/23/2020
High 40.95
High Date 06/14/2023
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.