INTERNATIONAL PAPER CO (IP)       36.72  -0.09 (-0.24%)

36.72  -0.09 (-0.24%)

US4601461035 - Common Stock - After market: 36.75 +0.03 (+0.08%)

Technical Rating

2

We assign a technical rating of 2 out of 10 to IP. Recently some decent action could be observed, but in the medium term time frame this is still negative. IP was also a bad performer in the overall market in the last year.



In the last month IP has a been trading in the 32.39 - 37.14 range, which is quite wide. It is currently trading near the high of this range.
IP has an average volume of 4005260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
IP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
When comparing the yearly performance of all stocks, IP is a bad performer in the overall market: 67% of all stocks are doing better.
IP is part of the Containers & Packaging industry. There are 28 other stocks in this industry, of which 83% are performing better than IP.

Statistics

1 Month 3 Months 6 Months 12 Months 11.31% -13.84% -25.53% -22.74% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 33.07 30.69 - 50.23
IP Weekly chart
IP Daily chart

Support/Resistance Analysis


31.18

50.00
We found 2 important support areas.
  • A support zone ranging from 33.62 to 33.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 31.49 to 31.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
  • A resistance zone ranging from 36.73 to 36.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @37.96 from a trend line in the weekly time frame.
  • Resistance @39.29 from a trend line in the daily time frame.
  • Resistance @41.49 from a trend line in the weekly time frame.
  • Resistance @49.50 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

7

IP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.73. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

IP Daily chart

INTERNATIONAL PAPER CO36.72

NYSE:IP (11/25/2022, 7:07:59 PM)-0.09 (-0.24%)

After market: 36.75 +0.03 (+0.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Containers & Packaging
Performance
Today -0.24% 1 Week 2.74%
2 Weeks 4.5% 1 Month 11.31%
3 Month -13.84% 6 Month -25.53%
Volatility
ATR(14) 0.87 ATR(20)% 2.44%
ATR Inc -60.02% Range Today 0.37
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 33.07 Mansfield -1.16
10 Day High 37.14 10 Day Low 35.04
20 Day High 37.14 20 Day Low 32.39
52 Week High 50.23 52 Week Low 30.69
CS1 End 33.72 CR1 Start 36.73
Volume & EV
DER(3) 0.88% DER(5) 0.7%
Volume 861.70K Volume Incr -24.59%
Vol(5) 2.74M Vol(50) 4.01M

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