IPG PHOTONICS CORP (IPGP) Stock Technical Analysis
NASDAQ:IPGP - Nasdaq - US44980X1090 - Common Stock - Currency: USD
Taking everything into account, IPGP scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IPGP is only an average performer.
IPGP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 78.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 74.73, a Stop Loss order could be placed below this zone.
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71.42
We found 2 important support areas.
- Support @74.73 from a trend line in the daily time frame.
- A support zone ranging from 72.14 to 73.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 78.67 to 81.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 IPGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IPGP is up. |
| ChartMill Relative Strength | 76.23 | POSITIVE | IPGP has a high relative strength, it outperformed 76.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IPGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IPGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IPGP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.36 | NEUTRAL | The RSI value for IPGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IPGP has a negative trend. |
| Stochastics (14,3) | 52.44 | NEUTRAL | The Stochastics value for IPGP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for IPGP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for IPGP suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 81.32 | 74.72 | 6.60 (8.12%) | 12.32% |
| An entry @81.32. This is a Buy Stop order right above the resistance zone. | An exit @74.72. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.60 points, which is 8.12%. | When investing 12.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
77.07
-1.8 (-2.28%)