INTERNATIONAL PAPER CO. - Daily - Technical analysis published on 10/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 41.46 USD
My targets
38.54 USD (-1.48%)
37.62 USD (-3.83%)
My analysis
INTERNATIONAL PAPER CO. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 41.46 USD. The next support located at 38.54 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 37.62 USD. Below this support, sellers could then target 36.74 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTERNATIONAL PAPER CO. price is 39.12 USD. On the day, this instrument lost -0.15% and was traded between 38.97 USD and 39.58 USD over the period. The price is currently at +0.38% from its lowest and -1.16% from its highest.38.97
39.58
39.12
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of INTERNATIONAL PAPER CO. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.74 | 37.62 | 38.54 | 39.12 | 41.46 | 42.78 | 44.12 |
| Change (%) | -6.08% | -3.83% | -1.48% | - | +5.98% | +9.36% | +12.78% |
| Change | -2.38 | -1.50 | -0.58 | - | +2.34 | +3.66 | +5.00 |
| Level | Major | Major | Intermediate | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.84 | 38.26 | 38.72 | 39.14 | 39.60 | 40.02 | 40.48 |
| Camarilla | 38.94 | 39.02 | 39.10 | 39.18 | 39.26 | 39.34 | 39.42 |
| Woodie | 37.86 | 38.27 | 38.74 | 39.15 | 39.62 | 40.03 | 40.50 |
| Fibonacci | 38.26 | 38.60 | 38.81 | 39.14 | 39.48 | 39.69 | 40.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.08 | 36.33 | 37.75 | 40.00 | 41.42 | 43.67 | 45.09 |
| Camarilla | 38.17 | 38.51 | 38.84 | 39.18 | 39.52 | 39.85 | 40.19 |
| Woodie | 33.68 | 36.12 | 37.35 | 39.79 | 41.02 | 43.46 | 44.69 |
| Fibonacci | 36.33 | 37.73 | 38.60 | 40.00 | 41.40 | 42.27 | 43.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.20 | 35.58 | 38.70 | 41.08 | 44.20 | 46.58 | 49.70 |
| Camarilla | 40.31 | 40.81 | 41.32 | 41.82 | 42.32 | 42.83 | 43.33 |
| Woodie | 33.57 | 35.77 | 39.07 | 41.27 | 44.57 | 46.77 | 50.07 |
| Fibonacci | 35.58 | 37.68 | 38.98 | 41.08 | 43.18 | 44.48 | 46.58 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.12 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -14.89 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 40.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.54 | |
| Elder Ray (13): | -0.94 | |
| Super Trend (3,10): | 42.18 | |
| Zig ZAG (10): | 39.12 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 16.68 | |
| TEMA (21): | 40.05 | |
| Williams %R (14): | -85.01 | |
| Chande Momentum Oscillator (20): | -1.64 | |
| Repulse (5,40,3): | -1.9800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 7.63 |
| MA7: | 40.10 | |
| MA20: | 41.01 | |
| MA50: | 40.15 | |
| MA100: | 41.45 | |
| MAexp7: | 39.82 | |
| MAexp20: | 40.33 | |
| MAexp50: | 40.62 | |
| MAexp100: | 41.38 | |
| Price / MA7: | -2.44% | |
| Price / MA20: | -4.61% | |
| Price / MA50: | -2.57% | |
| Price / MA100: | -5.62% | |
| Price / MAexp7: | -1.76% | |
| Price / MAexp20: | -3.00% | |
| Price / MAexp50: | -3.69% | |
| Price / MAexp100: | -5.46% |
This member declared not having a position on this financial instrument or a related financial instrument.
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