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Advanced TA SearchArchive
- 4/5/2024 -
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International Paper (IP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the International Paper (IP). During the week, the IP gave back -0.36 points, or -0.92%, and closed at 38.66 on Friday, April 5, 2024. Weekly volume was 20% 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 uptrend had started on June 1, 2023 at 29.01 and reached 41.28 on March 26, 2024. IP gained -12.27 points, or -42.30%, in 42 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (39.04). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See IP medium-term trend chart]
A medium-term uptrend had started on February 6, 2024 at 32.70 and reached 41.28 on March 26, 2024. IP gained -8.58 points, or -26.24%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.17 and resistance is at 42.43. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See IP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 15, 2024. This is an indication that the medium-term trend is up. 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 March 26, 2024 at 41.28 and reached 37.41 on March 27, 2024. IP lost 3.87 points, or 9.38%, in 1 days. The price is now at the 32.30% retracement level.
Daily Technical Indicators: [See IP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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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