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Industry Stocks Technical Analysis - IPGPArchive
- 4/5/2024 -
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IPG Photonics (IPGP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the IPG Photonics (IPGP). During the week, the IPGP dropped -4.42 points, or -4.87%, and closed at 86.27 on Friday, April 5, 2024. It was the worst weekly loss since February 16, 2024. Weekly volume was 8% above average.
IPGP is a member of Information Technology Sector. Information Technology is the second 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 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. The price is now at the 5.56% retracement level.
Medium-term trend: [See IPGP medium-term trend chart]
A medium-term downtrend had started on December 26, 2023 at 111.11 and reached 84.59 on February 26, 2024. IPGP lost 26.52 points, or 23.87%, in 8 weeks. The price is now at the 6.33% retracement level.
 Weekly Technical Indicators: [See IPGP 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See IPGP short-term trend chart]
A short-term uptrend had started on February 26, 2024 at 84.59 and reached 91.76 on April 1, 2024. IPGP gained -7.17 points, or -8.48%, in 35 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (87.21) 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. IPGP 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 short-term trend.
 Daily Technical Indicators: [See IPGP daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.82% on Friday. It is 56.11% lower than one year average. It indicates the period of low 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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