IPG PHOTONICS CORP (IPGP) Stock Technical Analysis
NASDAQ:IPGP - Nasdaq - US44980X1090 - Common Stock - Currency: USD
Overall IPGP gets a technical rating of 4 out of 10. In the past year, IPGP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
65% of all other stocks performed better in the past year than IPGP.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month IPGP has a been trading in the 51.77 - 68.26 range, which is quite wide. It is currently trading near the high of this range.
IPGP is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 47% of 125 stocks in the same industry.
IPGP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IPGP is lagging the market slightly.
Although the technical rating is only medium, IPGP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 66.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 64.60, a Stop Loss order could be placed below this zone.
More info and screens
58.99
74.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 64.04 to 64.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.59 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 66.49 to 67.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @74.02 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for IPGP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IPGP is up. |
| ChartMill Relative Strength | 35.58 | NEUTRAL | IPGP is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of IPGP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IPGP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.58 | NEUTRAL | The RSI value for IPGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests IPGP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.77 | OVERBOUGHT | The high Stochastics value suggests IPGP may be overbought. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for IPGP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.75 | NEGATIVE | The low ADX value for IPGP 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)
66.26
-0.78 (-1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.16%
1 Week1.18%
2 Weeks1.31%
1 Month7.22%
3 Month13.87%
6 Month-15.09%
12 Month-23.6%
2 Year-40.02%
3 Year-37.19%
5 Year-57.36%
10 Year-30.13%
15 Year293.94%
Volatility
ATR(14)2.06
ATR(20)%4.03%
ATR Inc8.11%
Range Today1.62
ADR(20)1.99
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.58
Mansfield-1.04
10 Day High68.26
10 Day Low63.33
20 Day High68.26
20 Day Low51.77
52 Week High92.21
52 Week Low48.59
CS1 End64.6
CR1 Start66.49
Volume & EV
DER(3)0.2%
DER(5)1.2%
Volume556.70K
Volume Incr2.7%
Vol(5)361.78K
Vol(50)356.39K