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Archive - 4/5/2024 - Sign In to see current Signals. |
Interpublic Group (IPG) Technical Analysis
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| Summary:
| | Weekly :![Trend support at 32.30](images\alert_signals.gif) | | Daily :![Daily MACD line has moved below its signal line](images\bearish.gif) ![The price is below the lower Bollinger Band](images\bearish.gif) ![Lane's Stochastic oversold](images\bullish.gif) ![Williams' Percentage Range is strongly oversold](images\bullish.gif) ![Price has crossed below the 50 Day Moving Average](images\bullish.gif) ![The period of low volatility of the stock price](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the Interpublic Group (IPG). During the week, the IPG dropped -1.17 points, or -3.59%, and closed at 31.46 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -26% below average.
Long-term trend: [See IPG long-term trend chart] A long-term downtrend had started on June 14, 2023 at 40.95 and reached 27.20 on October 20, 2023. IPG lost 13.75 points, or 33.58%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (32.30) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 price is now at the 46.55% retracement level.
Weekly Technical Indicators: [See IPG weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 31.46 on April 5, 2024. IPG lost 1.82 points, or 5.47%, in 15 days. Price is near the trend low.
Daily Technical Indicators: [See IPG 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. 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. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 4.96% on Friday. It is 54.80% 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. During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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