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Industry Stocks Technical Analysis - IPGPArchive
- 5/10/2024 -
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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 1.50 points, or 1.73%, and closed at 88.26 on Friday, May 10, 2024. Weekly volume was -22% below average.
 Long-term trend: [See IPGP long-term trend chart]
A long-term downtrend had started on July 13, 2023 at 141.85 and reached 80.33 on April 30, 2024. IPGP lost 61.52 points, or 43.37%, in 41 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (81.56) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IPGP may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.
 Medium-term trend: [See IPGP medium-term trend chart]
A medium-term downtrend had started on December 26, 2023 at 111.11 and reached 80.33 on April 30, 2024. IPGP lost 30.78 points, or 27.70%, in 18 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (79.57) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IPGP may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See IPGP weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 30, 2024 at 80.33 and reached 90.56 on May 10, 2024. IPGP gained -10.23 points, or -12.73%, in 10 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See IPGP daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.
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 advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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