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Advertising Industry Stocks Technical Analysis - IPG

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- 11/15/2024 -
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Interpublic Group (IPG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandRelative Strength Index and Lane's Stochastic are oversold
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It was the negative week for the Interpublic Group (IPG). During the week, the IPG dropped -2.74 points, or -9.19%, and closed at 27.09 on Friday, November 15, 2024. Weekly volume was 45% above average.

IPG is a member of Communication Services Sector. Communication Services 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 IPG long-term trend chart]
A long-term downtrend had started on June 14, 2023 at 40.95 and reached 27.01 on November 15, 2024. IPG lost 13.94 points, or 34.04%, in 74 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (28.43) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See IPG medium-term trend chart]
A medium-term downtrend had started on August 26, 2024 at 32.73 and reached 27.01 on November 15, 2024. IPG lost 5.72 points, or 17.48%, in 11 weeks. Price is near the trend low.

Weekly Technical Indicators: [See IPG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 November 6, 2024 at 31.00 and reached 27.01 on November 15, 2024. IPG lost 3.99 points, or 12.87%, in 9 days. Price is near the trend low.

Daily Technical Indicators: [See IPG daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index 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 Relative Strength Index 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 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) 19.65
Oversold
Williams' Percentage Range (W%R) 58.80
Lane's Stochastic (%D-Slow) 10.49
Oversold
Greed/Fear Indicator (GFI) 23.78
Moving Average Converg./Diverg. (MACD) -0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.66
Williams' Percentage Range (W%R) 62.80
Lane's Stochastic (%D-Slow) 29.04
Greed/Fear Indicator (GFI) 34.42
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Upper Bollinger Band 31.30
Yearly Trendline Resistance 30.86
50 Day Moving Average 30.62
Parabolic System 30.41
20 Day Moving Average 29.71
Yearly Trendline Support 28.43
Lower Bollinger Band 28.13
Weekly Stochastic Crossing 27.93
Daily Stochastic Crossing 27.35
Price 27.09
Sector and Industry
Description Name Rank
Sector Communication Services 11
Industry Advertising 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 31.00
High Date 11/06/2024
Low 27.01
Low Date 11/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.19
High Date 10/18/2024
Low 27.01
Low Date 11/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.73
High Date 08/26/2024
Low 27.01
Low Date 11/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.17
High Date 03/14/2024
Low 27.01
Low Date 11/15/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 30.86
Support 28.43
High 40.95
High Date 06/14/2023
Low 27.01
Low Date 11/15/2024
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.