INTERNATIONAL PAPER CO (IP) Stock Technical Analysis
USA - NYSE:IP - US4601461035 - Common Stock
46.94 USD
+0.27 (+0.58%)
46.94 USD
0 (0%)
Overall IP gets a technical rating of 1 out of 10. IP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
72% of all other stocks performed better in the past year than IP.
IP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month IP has a been trading in the 44.15 - 47.62 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
IP has an average volume of 3865230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IP is an average performer in the Containers & Packaging industry, it outperforms 61% of 22 stocks in the same industry.
Although the technical rating is bad, IP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 47.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.37, a Stop Loss order could be placed below this zone.
More info and screens
43.44
57.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 45.79 to 46.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.88 to 44.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 47.11 to 47.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.69 to 49.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 53.64 to 53.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.28 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 | DOWN | NEGATIVE | The long term trend for IP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IP is neutral. |
| ChartMill Relative Strength | 28.7 | NEGATIVE | IP has a low relative strength, it was outperformed by 71.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.52 | NEUTRAL | The RSI value for IP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests IP has a positive trend. |
| Stochastics (14,3) | 71.38 | NEUTRAL | The Stochastics value for IP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for IP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.08 | NEGATIVE | The low ADX value for IP suggests a weak or negative 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)
46.94
+0.27 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.58%
1 Week0.6%
2 Weeks1.49%
1 Month0%
3 Month-6.77%
6 Month1.43%
12 Month0.34%
2 Year39.16%
3 Year39.66%
5 Year7.29%
10 Year9.96%
15 Year85.68%
Volatility
ATR(14)1.18
ATR(20)%2.35%
ATR Inc20.57%
Range Today0.64
ADR(20)1.02
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.7
Mansfield-1.71
10 Day High47.33
10 Day Low44.15
20 Day High47.62
20 Day Low44.15
52 Week High60.36
52 Week Low43.27
CS1 End46.37
CR1 Start47.11
Volume & EV
DER(3)-0.03%
DER(5)-2.85%
Volume4.62M
Volume Incr16.64%
Vol(5)4.51M
Vol(50)3.87M