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Downtrend Broken Resist.Archive - 4/19/2024 - Sign In to see current Signals. |
Interpublic Group (IPG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week after 3 consecutive negative weeks for the Interpublic Group (IPG). During the week, the IPG climbed 0.27 points, or 0.89%, and closed at 30.72 on Friday, April 19, 2024. Weekly volume was -9% below average. 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 (33.49) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IPG may retest the broken support line. It is considered to be a resistance line now. 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 (33.14) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IPG may retest the broken support line. It is considered to be a resistance line now. 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 strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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. During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help. Short-term trend: [See IPG short-term trend chart] A short-term downtrend had started on March 21, 2024 at 33.28 and reached 30.06 on April 16, 2024. IPG lost 3.22 points, or 9.68%, in 26 days. The price is now at the 20.50% retracement level. Daily Technical Indicators: [See IPG daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help. The daily MACD line is below its signal line since March 28, 2024. This is an indication that the short-term trend is down. 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.
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