The Greedy Trader Weekly Analysis
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- 4/19/2024 -
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IPG Photonics (IPGP) Technical Analysis

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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the IPG Photonics (IPGP). During the week, the IPGP dropped -1.48 points, or -1.73%, and closed at 84.27 on Friday, April 19, 2024. Weekly volume was -28% below average.

Long-term trend: [See IPGP long-term trend chart]
A long-term downtrend had started on July 13, 2023 at 141.85 and reached 83.00 on October 31, 2023. IPGP lost 58.85 points, or 41.49%, in 15 weeks. Price is near the trend low.

Medium-term trend: [See IPGP medium-term trend chart]
A medium-term downtrend had started on December 26, 2023 at 111.11 and reached 83.53 on April 16, 2024. IPGP lost 27.58 points, or 24.82%, in 16 weeks. Price is near the trend low.

Weekly Technical Indicators: [See IPGP weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 16, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See IPGP short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 91.65 and reached 83.53 on April 16, 2024. IPGP lost 8.12 points, or 8.86%, in 7 days. The price is now at the 9.11% retracement level.

Daily Technical Indicators: [See IPGP daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.

The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.50
Williams' Percentage Range (W%R) 94.60
Strong Oversold
Lane's Stochastic (%D-Slow) 10.50
Oversold
Greed/Fear Indicator (GFI) 17.11
Oversold
Moving Average Converg./Diverg. (MACD) -1.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.26
Williams' Percentage Range (W%R) 98.40
Strong Oversold
Lane's Stochastic (%D-Slow) 18.08
Oversold
Greed/Fear Indicator (GFI) 20.23
Moving Average Converg./Diverg. (MACD) -3.91 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 91.70
50 Day Moving Average 88.64
Parabolic System 88.12
20 Day Moving Average 87.71
Weekly Stochastic Crossing 84.99
Daily Stochastic Crossing 84.41
Price 84.27
Lower Bollinger Band 82.43
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Electronic Manufacturing Services 24
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 91.65
High Date 04/09/2024
Low 83.53
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.76
High Date 04/01/2024
Low 83.53
Low Date 04/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 111.11
High Date 12/26/2023
Low 83.53
Low Date 04/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 141.85
High Date 07/13/2023
Low 83.00
Low Date 10/31/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 241.43
High Date 04/09/2021
Low 79.88
Low Date 11/01/2022
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.