Technical analysis from IP (IPO.L, LON:IPO) on the London Stock Exchange (LSE). Download the latest price data & trading signals

IP
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The daily battle of control for IP was won again by the sellers
Close Tod Vs Range Tod /
The daily battle of control for IP was won again by the sellers

IPO: Close versus price range Current Signal ->(1) 23 May: BEARISH (2) 22 May: BEARISH (3) 21 May: BULLISH

IP: Volume MACD oscillator (61546)
MACD Volume /
IP: Volume MACD oscillator (61546)

[BULLISH]: IP currently has positive Volume MACD of 61546. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Opening Price /
Recent trading for IP has opened -1.0 % higher than previous session

[BULLISH]: IP opening price has gapped up. Currently, the OPEN is $140.6 (-1.0 %).

Pivot Points /
Pivot point for IPO is bearish. Stoploss should be positioned @$141.867

IP has broken the first support point ($136.734) [Bearish]. Look for a short limit order entry near this point. Exit price for IPO should be set @$135.467 & short position stoploss for IP should be set between $141.867 & $143.134

On Balance Volume /
Market conditions are indicating OBV accumulation is current for IPO

IPO: OBV Recent Trading ->(1) 23 May: 8.36143e+006 (2) 22 May: 8.8658e+006 (3) 21 May: 1.01148e+007

Pivot Reversal /
A short term Pivot Reversal has formed with IP

IPO: Bar Reversal Recent Trading -> (1) 23 May: Pivot Reversal (2) 22 May: No bar reversal is present (3) 21 May: No bar reversal is present

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Weighted Moving Average /
Weighted Moving Average(5) signal continues for IP indicating downward price movement is likely

IPO: WMA Current Signal -> (1) 23 May: BEARISH (2) 22 May: BEARISH CROSSOVER (3) 21 May: BULLISH CROSSOVER

IP: Downtrend for the daily trend is confirmed
Short Trend /
IP: Downtrend for the daily trend is confirmed

[BEARISH]: IP is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Normal trading conditions are continued for IPO
Commodity Channel Index /
Normal trading conditions are continued for IPO

[NEUTRAL]: IP current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is -2. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 215.

Volume /
Weaker volume performance from IPO has seen a lower volume of -59.6 [Downtrend]

IPO: VOLUME Current Signal -> (1) 23 May: BEARISH (2) 22 May: BULLISH (3) 21 May: BEARISH

Fibonacci Extensions /
[Long]: Limit orders for IP should be set at $346.83

IP has moved below the 161.8% level ($346.83) [Bullish]. Look for a long limit order entry near this point. Exit price for IPO should be set @$295.33 & Stoploss for IP should be set at $398.33

Demarks Pivot Points /
IP has moved below the S1 DeMark pivot point ($138.35) [Bearish]

IP has broken the first DeMark support point ($138.35) [Bearish]. Look for a short limit order entry near this point. Exit price for IPO should be set @$136.1000 & short position stoploss for IP should be set at $139.3

The current price is still gaining momentum through a rise for IPO on the short term EMA.
Percentage Price /
The current price is still gaining momentum through a rise for IPO on the short term EMA.

[BULLISH]: IP currently has positive PPO 2.341%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

The loss ratio for price fall in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x
Close Tod Vs Close Yest /
The loss ratio for price fall in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x

[BEARISH]: IPsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for IPO adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.5 & the greatest daily negative change this year has been -6.1. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -23.2%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -5.8%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -0.900000%

Price Range /
[Bearish]: IP has failed beat previous trading range

[BEARISH]: IP current downtrend in the first timeframe. Currently, the Range is $3.2.

Exponential Moving Average /
IPO: Price continues to move below the EMA(5) @$139.6

[BEARISH]: IP currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.4%.

Rate of Change /
IP currently has positive rate of change for 1.77

[BULLISH]: IP currently has positive rate of change of 1.77%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

High for IPO has not surpassed the high of the previous trading session
High Price /
High for IPO has not surpassed the high of the previous trading session

IPO: HIGH Current Signal -> (1) 23 May: BEARISH (2) 22 May: BULLISH (3) 21 May: BEARISH

IPO: Medium term trend is still an Uptrend
Medium Trend /
IPO: Medium term trend is still an Uptrend

[BULLISH]: IP is in an uptrend in the medium term timeframe. & the highest rally count for the LTM is 85. The highest rally for the month is 15

Recent trading signals IP is being distributed
Daily Volume Index /
Recent trading signals IP is being distributed

[BEARISH]: IP current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -3086.

Detrended Price Oscillator /
IP: Detrended Price Oscillator(20) is 3.75

[BULLISH]: IP currently has a confirmed uptrend. Price is currently above the displaced moving average for IPO. Currently, the return on DPO20 is -1.4%.

Momentum /
5-day momentum is decreasing for IP

[BEARISH]: IP currently has negative momentum of -2.2 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.4%.The largest downward momentum rally for the last 3 months is 4 days producing a return of -1.4%.

Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for IP

[BEARISH]: IP currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -1.4%.

Open Tod Vs Close Tod /
IP opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 18.8%. This suggests the sellers were in control all day.

[BEARISH STRONG]: IP opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 18.8%. This suggests the sellers were in control all day. Over the last 12 months there has been 49 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 18.6%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 26.7%.

Closing price for IPO is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for IPO is still below the lower envelope signalling a bullish movement

[BULLISH]: IP current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 129.276.

Drawdown for IP is currently low signalling low stress
Ulcer Index /
Drawdown for IP is currently low signalling low stress

IPO: UIX Current Signal -> (1) 23 May: Low stress (2) 22 May: Low stress (3) 21 May: Low stress

Ease of Movement /
Trading session closed lower on low volume for IP [Bearish]

IPO: EOM Current Signal -> (1) 23 May: BEARISH EASY (2) 22 May: BULLISH EASY (3) 21 May: BEARISH EASY

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