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Advanced TA SearchArchive
- 4/26/2024 -
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International Paper (IP) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the International Paper (IP). During the week, the IP dropped -1.54 points, or -4.35%, and closed at 33.83 on Friday, April 26, 2024. Weekly volume was 134% above average.
IP is a member of Materials Sector. Materials 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 IP long-term trend chart]
A long-term downtrend had started on January 29, 2018 at 66.94 and reached 26.38 on March 23, 2020. IP lost 40.56 points, or 60.59%, in 112 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 29.75 and resistance is at 63.83. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See IP medium-term trend chart]
A medium-term uptrend had started on June 1, 2023 at 29.01 and reached 41.28 on March 26, 2024. IP gained -12.27 points, or -42.30%, in 42 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (34.01) 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 medium-term trend.
 Weekly Technical Indicators: [See IP weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See IP short-term trend chart]
A short-term downtrend had started on March 26, 2024 at 41.28 and reached 33.16 on April 25, 2024. IP lost 8.12 points, or 19.67%, in 30 days. The price is now at the 8.25% retracement level.
 Daily Technical Indicators: [See IP daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since April 4, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
The distance between the Bollinger Bands is 103.05% higher then one year average. It indicates the period of high 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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