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Archive
- 11/8/2024 -
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IPG Photonics (IPGP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a third consecutive positive week for the IPG Photonics (IPGP). During the week, the IPGP gained 1.90 points, or 2.31%, and closed at 84.19 on Friday, November 8, 2024. Weekly volume was -29% below average.
IPGP is a member of Information Technology Sector. Information Technology 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 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 (57.63) 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. The price is now at the 16.18% retracement level.
 Weekly Technical Indicators: [See IPGP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
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 and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See IPGP short-term trend chart]
A short-term uptrend had started on October 23, 2024 at 73.68 and reached 88.50 on October 29, 2024. IPGP gained -14.82 points, or -20.11%, in 6 days. The price is now at the 29.08% retracement level.
 Daily Technical Indicators: [See IPGP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 25, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
9 |
| Industry |
Electronic Manufacturing Services |
89 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
73.68 |
| Low Date |
10/23/2024 |
| High |
88.50 |
| High Date |
10/29/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
61.86 |
| Low Date |
09/10/2024 |
| High |
88.50 |
| High Date |
10/29/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
111.11 |
| High Date |
12/26/2023 |
| Low |
61.86 |
| Low Date |
09/10/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
52.30 |
| Support |
57.63 |
| High |
141.85 |
| High Date |
07/13/2023 |
| Low |
61.86 |
| Low Date |
09/10/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
241.43 |
| High Date |
04/09/2021 |
| Low |
61.86 |
| Low Date |
09/10/2024 |
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