IPG - Last Move UpLast move up to the top of a major channel.
Plotting price action you can see a rising wedge forming which is a bearish pattern which makes sense to be bearishly rejected at the top of the up channel
Daily chart.
IPG trade ideas
IPG WCA - Inverted Head and ShouldersCompany: Interpublic Group of Companies Inc.
Ticker: IPG
Exchange: NYSE
Sector: Communication Services
Introduction:
In today's technical analysis, we focus on Interpublic Group of Companies Inc. (IPG), a prominent player in the Communication Services sector, listed on the NYSE. The weekly chart is currently illustrating an interesting Inverted Head and Shoulders pattern, a traditional bottom reversal formation. Since we have analyzed the XLC and a bullish environment favors this sector, we have selected this stock for closer examination.
Inverted Head and Shoulders Pattern:
The Inverted Head and Shoulders pattern, usually observed after a significant downward movement, signals a potential bullish reversal. This pattern is characterized by three troughs, with the middle one being the deepest (the "head") and the two others (the "shoulders") being shorter and roughly equal in depth.
Analysis:
Previously, IPG's chart was showing a clear downtrend. However, we've spotted a promising Inverted Head and Shoulders pattern that has been developing over 651 days. The symmetry between the left and right shoulders is intact, and the price now appears to be consolidating above the horizontal neckline at $39.28.
The price's position above the 200 EMA demonstrates a bullish market environment, suggesting that long setups could be more advantageous at this time. If a breakout above the neckline is confirmed, it could represent a good entry point for a long position.
The potential price target is set at $53.73, indicating an upside of approximately 37% from the level of the neckline.
Conclusion:
IPG's weekly chart reveals an intriguing setup in the form of an Inverted Head and Shoulders pattern, suggesting a possible bullish reversal. However, this is a watchlist candidate and not a direct trading recommendation.
As always, this analysis should be used as part of your comprehensive market research and risk management strategy. Please remember, this is not financial advice and investing always involves risk.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
IPG - Similar Curved Patterns IPG has broken out of a similar rounded pattern that was seen earlier in the price evolutions history (~1970's)
Post break out price led a strong bull run
If this repeats we are in for a nice bull run in the next years for IPG, indicated by the rocket emoji
$IPG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $IPG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
#IPG Technical AnalysisAn example of a fractal pattern can be expected with RSI-price divergence. Follow the RSI for a breakout on the falling chart.
$IPGMarketing company. No comment follow the chart
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NYSE:IPG
IPGA global advertising and marketing services company
3d test the level - no reaction
SELL 36.03
SL 36.75
TP1 34.4 TP2 32.1
IPG (INTERPUBLIC GROUP OF COMPANIES, INC.) - False BreakMarket structure: Uptrend, price might retest previous resistance turn support, price respecting 50MA
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 34.30 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Trailing stop
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
$IPG is on BUY point?!Quick mid-week analysis for $IPG. We can add this stock into our swing trading portfolio.
Fundamental Analysis:
IPG announced earnings per share of $0.86 on revenue of $2.28B. Analysts polled by Investing.com anticipated EPS of $0.8031 on revenue of $2.28B.
As the revenue was in line the price of shares dropped by 10% on earnings day.
However; recently IPG had its target price raised by Morgan Stanley from $27.00 to $28.00 in a report released on Thursday, Benzinga reports.
Technical analysis:
As it is seen that $24 per share acted as Strong Support since January.
Overall analysis:
We can consider buy some shares here as it doesn't want to break down $25.
Company profile:
Interpublic Group of Companies, Inc is an advertising and marketing services company. Its services include consumer advertising, digital marketing, communications planning & media buying, public relations & specialized communications disciplines.
Bullish Shark Bullish Shark with a small amount of bullish divergence. I am waiting on price to react to the reversal zone, create a little more bullish divergence, and then I will go long.
CUP and HANDLE formation on IPGHere is what I believe is happening.
IPG is in a cup and handle pattern, under going the handle at the moment.
1. its currently short term over sold
2. handle formation has retraced 30% of the cup (so far)
3. price appears to take support on previous upper trend resistance (valid if price does not break through and close below).
4. above average volume
5. would the price break the upper trend channel of the handle? yet to see... next
- cheers
Scorp
Bearish SharkIPG, Set buy limit order with other cancels other for target/stop. If you noticed I drew my red line where the green bar was at and within the time it took to create this idea it already dropped into my blue buy order. I will leave it as such since it looks like there is strong demand for shorts. still learning.
Buy Order: 24.25
Target: 22.50+
Stop: 25.25
Time Frame: March 15th
The long and short term trends are both positive. This is lookinThe long and short term trends are both positive. This is looking good! IPG has an average volume of 4485680. This is a good sign as it is always nice to have a liquid stock.
IPG bearish setupIf you wanna bet that companies will be tightening up and reducing their advertising and marketing then short IPG
