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- 3/15/2024 -
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IPG Photonics (IPGP) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARPrice is near the Fibonacci 61.8% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the IPG Photonics (IPGP). During the week, the IPGP dropped -3.00 points, or -3.32%, and closed at 87.24 on Friday, March 15, 2024. Weekly volume was 51% 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 uptrend had started on November 1, 2022 at 79.88 and reached 141.85 on July 13, 2023. IPGP gained -61.97 points, or -77.58%, in 36 weeks. The price is now at the 88.12% 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 9.99% retracement level.

Weekly Technical Indicators: [See IPGP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 91.42 on March 8, 2024. IPGP gained -6.83 points, or -8.07%, in 11 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See IPGP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since March 1, 2024. This is an indication that the short-term trend is up.

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 7.52% on Friday. It is 52.39% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.87
Williams' Percentage Range (W%R) 70.90
Lane's Stochastic (%D-Slow) 51.04
Greed/Fear Indicator (GFI) 46.68
Moving Average Converg./Diverg. (MACD) -2.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.04
Williams' Percentage Range (W%R) 87.30
Oversold
Lane's Stochastic (%D-Slow) 14.84
Oversold
Greed/Fear Indicator (GFI) 21.65
Moving Average Converg./Diverg. (MACD) -3.24
Trading Signals
Description Value Chart
50 Day Moving Average 94.32
Upper Bollinger Band 92.79
Parabolic System 91.41
Daily Stochastic Crossing 88.49
20 Day Moving Average 87.58
Price 87.24
Weekly Stochastic Crossing 87.11
Lower Bollinger Band 86.22
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Electronic Manufacturing Services 17
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.59
Low Date 02/26/2024
High 91.42
High Date 03/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 111.11
High Date 12/26/2023
Low 84.59
Low Date 02/26/2024
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
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.88
Low Date 11/01/2022
High 141.85
High Date 07/13/2023
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.