The Greedy Trader Weekly Analysis
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Weekly W%R:< 20
Number of records: 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/19/2024 -
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Interpublic Group (IPG) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the Interpublic Group (IPG). During the week, the IPG climbed 0.27 points, or 0.89%, and closed at 30.72 on Friday, April 19, 2024. Weekly volume was -9% below average.

Long-term trend: [See IPG long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 11.63 and reached 40.95 on June 14, 2023. IPG gained -29.32 points, or -252.11%, in 168 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (33.49) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IPG may retest the broken support line. It is considered to be a resistance line now. 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 uptrend had started on October 20, 2023 at 27.20 and reached 35.17 on March 14, 2024. IPG gained -7.97 points, or -29.30%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (33.14) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IPG may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See IPG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 IPG short-term trend chart]
A short-term downtrend had started on March 21, 2024 at 33.28 and reached 30.06 on April 16, 2024. IPG lost 3.22 points, or 9.68%, in 26 days. The price is now at the 20.50% retracement level.

Daily Technical Indicators: [See IPG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since March 28, 2024. This is an indication that the short-term trend is down.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.33
Williams' Percentage Range (W%R) 87.50
Oversold
Lane's Stochastic (%D-Slow) 16.93
Oversold
Greed/Fear Indicator (GFI) 18.57
Oversold
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.15
Williams' Percentage Range (W%R) 92.00
Strong Oversold
Lane's Stochastic (%D-Slow) 26.92
Greed/Fear Indicator (GFI) 27.02
Moving Average Converg./Diverg. (MACD) -0.10
Trading Signals
Description Value Chart
Monthly Trendline Resistance 36.39
Yearly Trendline Support 33.49
Monthly Trendline Support 33.14
Upper Bollinger Band 33.05
50 Day Moving Average 31.93
20 Day Moving Average 31.51
Weekly Stochastic Crossing 31.22
Price 30.72
Daily Stochastic Crossing 30.33
Parabolic System 30.03
Lower Bollinger Band 29.52
Sector and Industry
Description Name Rank
Sector Communication Services 4
Industry Advertising 42
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.28
High Date 03/21/2024
Low 30.06
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.17
High Date 03/14/2024
Low 30.06
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 36.39
Support 33.14
Low 27.20
Low Date 10/20/2023
High 35.17
High Date 03/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 40.95
High Date 06/14/2023
Low 27.20
Low Date 10/20/2023
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 41.56
Support 33.49
Low 11.63
Low Date 03/23/2020
High 40.95
High Date 06/14/2023
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.