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Electronic Manufacturing Services Industry Stocks Technical Analysis - IPGPArchive
- 11/22/2024 -
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IPG Photonics (IPGP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the IPG Photonics (IPGP). During the week, the IPGP gained 4.34 points, or 5.91%, and closed at 77.79 on Friday, November 22, 2024. Weekly volume was -21% below average.
 Long-term trend: [See IPGP long-term trend chart]
A long-term downtrend had started on July 13, 2023 at 141.85 and reached 61.86 on September 10, 2024. IPGP lost 79.99 points, or 56.39%, in 60 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (56.65) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.
 Medium-term trend: [See IPGP medium-term trend chart]
A medium-term uptrend had started on September 10, 2024 at 61.86 and reached 88.50 on October 29, 2024. IPGP gained -26.64 points, or -43.06%, in 7 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See IPGP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 4, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See IPGP short-term trend chart]
A short-term downtrend had started on October 29, 2024 at 88.50 and reached 71.37 on November 20, 2024. IPGP lost 17.13 points, or 19.36%, in 22 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 69.84 and resistance is at 83.56. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See IPGP daily technical indicators chart]
Daily technical indicators are neutral. 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. 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 Lane's Stochastic help.
The daily MACD line is below its signal line since November 11, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (78.13) comes close to the price (77.79). It indicates that the trend is getting weaker. 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 moved above the moving average in the center of the Bollinger Bands. 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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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