INTERNATIONAL PAPER CO (IP) Stock Technical Analysis
NYSE:IP - New York Stock Exchange, Inc. - US4601461035 - Common Stock - Currency: USD
Overall IP gets a technical rating of 7 out of 10. In the last year, IP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
IP is one of the better performing stocks in the Containers & Packaging industry, it outperforms 71% of 22 stocks in the same industry.
In the last month IP has a been trading in the 46.15 - 54.27 range, which is quite wide. It is currently trading near the high of this range.
IP has an average volume of 4055940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, IP did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
IP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IP is lagging the market.
Although IP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
44.21
59.42
We found 3 important support areas.
- A support zone ranging from 49.78 to 51.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.40 to 47.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @58.83 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IP is up. |
| ChartMill Relative Strength | 70.37 | POSITIVE | IP has a high relative strength, it outperformed 70.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.47 | OVERBOUGHT | The high RSI value suggests IP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests IP has a positive trend. |
| Stochastics (14,3) | 88.31 | OVERBOUGHT | The high Stochastics value suggests IP may be overbought. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for IP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.96 | POSITIVE | The high ADX value value for IP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
54.1
+1.45 (+2.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg2.75%
1 Week5.48%
2 Weeks5.33%
1 Month16.12%
3 Month14.26%
6 Month-9.97%
12 Month15.3%
2 Year50.03%
3 Year26.49%
5 Year55.5%
10 Year13.01%
15 Year123.55%
Volatility
ATR(14)1.21
ATR(20)%2.32%
ATR Inc16.84%
Range Today1.25
ADR(20)1.18
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.37
Mansfield-0.31
10 Day High54.27
10 Day Low50.06
20 Day High54.27
20 Day Low46.15
52 Week High60.36
52 Week Low43.27
CS1 End51.85
CR1 Start58.83
Volume & EV
DER(3)2.81%
DER(5)3.55%
Volume5.09M
Volume Incr0.9%
Vol(5)3.88M
Vol(50)4.06M