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Archive
- 12/13/2024 -
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Interpublic Group (IPG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Interpublic Group (IPG). During the week, the IPG gained 0.63 points, or 2.15%, and closed at 29.89 on Friday, December 13, 2024. Weekly volume was 344% 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 26.88 on November 18, 2024. IPG lost 14.07 points, or 34.36%, in 74 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 28.51 and resistance is at 30.34. 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 IPG medium-term trend chart]
A medium-term downtrend had started on August 26, 2024 at 32.73 and reached 26.88 on November 18, 2024. IPG lost 5.85 points, or 17.87%, in 12 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 25.96 and resistance is at 31.64. 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 medium-term trend.
 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 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 IPG short-term trend chart]
A short-term uptrend had started on November 18, 2024 at 26.88 and reached 33.05 on December 9, 2024. IPG gained -6.17 points, or -22.95%, in 21 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (29.95) 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 short-term trend.
Daily Technical Indicators: [See IPG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 21, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 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.
Price is close to the 50 Day Moving Average. 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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