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Downtrend Broken Resist.Archive
- 12/13/2024 -
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IPG Photonics (IPGP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the IPG Photonics (IPGP). During the week, the IPGP gained 0.96 points, or 1.25%, and closed at 77.63 on Friday, December 13, 2024. IPGP was trading at average weekly trading volume.
 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 (55.27) 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 40.80% retracement level.
 Weekly Technical Indicators: [See IPGP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 4, 2024. This is an indication that the medium-term trend is up. 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 November 20, 2024 at 71.37 and reached 82.19 on December 9, 2024. IPGP gained -10.82 points, or -15.16%, in 19 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See IPGP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price is close to 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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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