IP SL-$53,98 TP-$58,13Technical Analysis:
Bullish hammer candle with high volume on the weekly chart at the 20 EMA
Accumulation on the daily chart
MACD crossover on the daily chart
A bit of faith
IP trade ideas
Bullish divergence IP on 1WBullish divergence on many indicators, like Macd-h, EFI, and even macd lines potentially.
Interesting tail wich shows price rejection.
There is also an ATR channel divergence on price, and even an ATR channel dirvergence on EFI.
R/R 1:3.1
Entry: 31.33
Strategy:
1/3 right now
2/3 waiting for daily to come back as it's overbought and looks like forming a high
SL: 29.84
TP: 35.97
#2023003
International Paper, Good Technicals, Good Fundamentals, A Gem.International Paper has a new CEO and potential take over in the works.
"Andrew Silvernail has been named the next CEO of International Paper. Silvernail has two decades of experience leading manufacturing and technology sectors of global companies and previously served as CEO of Chicago-based Madison Industries." (Recycling Today News)
DS Smith in Takeover Talks With International Paper (Wall Street Journal)
I bought a bit in around $36 and I have my first target around $53 and 2nd target $59.
Not financial advice, DYOR.
International Paper's CEO Change Sparks Investor ExcitementAndrew Silvernail's Appointment Triggers Bullish Surge in International Paper Stock
In a sudden and dramatic turn of events, International Paper ( NYSE:IP ) announced the appointment of Andrew Silvernail as its new Chief Executive Officer, sparking a wave of enthusiasm among investors. The stock surged by over 10% following the news, reaching its highest level in more than a year.
The decision by IP's board to replace Mark Sutton, who has helmed the company since 2014, with Silvernail comes as a surprise to many in the industry. Sutton, who will continue to serve as chairman of the board, expressed confidence in the succession process, emphasizing the importance of ensuring a smooth transition.
Silvernail brings a wealth of experience to the table, having previously served as an executive advisor at investment powerhouse KKR. Prior to that, he held CEO positions at Madison Industries and IDEX Corporation, demonstrating a strong track record of leadership and strategic vision.
Investors have greeted Silvernail's appointment with optimism, viewing it as a signal of positive change and renewed growth prospects for International Paper. Silvernail himself expressed confidence in the company's future trajectory, highlighting its strong position in the market and potential for expansion.
The market's bullish reaction to the leadership shake-up reflects growing anticipation of what lies ahead for International Paper under Silvernail's stewardship. With his proven leadership skills and strategic acumen, Silvernail is poised to lead the company into a new era of success.
Analysts are closely watching developments at International Paper, eager to see how Silvernail's vision and leadership style will shape the company's future direction. As the stock continues to soar, investors are betting on a bright future for one of the leading players in the packaging and pulp industry.
IP - international paper Wyckoff Spring?I really don't know what I'm doing. Any critique is appreciated. And, also, feel free to insult me - I'm here for it. :)
$IPBullish Shark Harmonic pattern.
3 rising valleys
HBD on the RSI.
Above resistance, look to flip it into support.
Stop = if it falls under previous local low.
Target = Top of pattern/resistance.
IP | Breakout BuyOn the weekly timeframe, IP has been exhibiting an upward trend while encountering resistance on its descent. Presently, the trend appears bullish following the formation of a higher low in price.
The critical breakout level for initiating long positions now lies at 38.2. Traders should closely monitor this level as a decisive breach could signal a strong bullish momentum.
To manage risk, consider placing stop-loss orders near the swing low at 34. Additionally, it's advisable to closely observe price action for confirmation of the breakout before entering into any trades.
IP (XLB) needs to hold this level or trouble lies aheadLots of weakness in many Material stocks.
Material stocks are leading indicators for aspects of our economy.
This pattern trendline breaks and it could signal a massive decline.
$IP with a bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $IP after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
$IP with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $IP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
IP - Resistance to Support ShiftPrice has aligned with a strong uptrend
A horizontal line can be drawn which shows price prior being a point of resistance, but now price has evolved far enough that this same horizontal line is now a support line
It is also right on the strong uptrend
Long on this Weekly chart
$IP International Paper Inverse Head n ShoulderInverse Head n Shoulder Setup on $IP. Look for a possible move higher
$IP with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $IP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 81.82%.
HNS?Yes looks like a bullish HNS here. The point of invalidation for me is that 45.30 zone and Il put my SL just below that with target being 60. Entry is buy stop (49) slightly above Friday's high and has R= 2.39.
IP SHORT-TERM LongMarket just finished 1-5 Elliot wave and ABC correction and we believe it's a finished ABC correction because we have a strong demand zone and we bounced of a 61.8 fib zone which is reversal zone.
Entry: 43
Target: 50.67
Invalidation: 40
ValueAppears to be inverse H&S forming on weekly, end of decade PT 90$. Confirmed by near term double top imo, the earlier pattern bottoms the better split and dividend increases possible more so split. Value
IP: Breakout of the long-term resistance level.A breakdown of the long-term resistance level may lead to an increase in the area of 88. Good dividends, buyback of shares. A return to the 57.35 level would be a good buying opportunity. But there is no guarantee that a retest of this level will occur.
Potential 2Down 2Up Weekly Reversal For IP Potential 2Down 2Up Weekly Reversal For IP : Per the Strat, this week I'm watching ticker IP (International Paper Co) for a weekly entry trigger at 57.70 (last weeks high). If that trigger is met, I'll look for it to reach a magnitude of 59.13 (week before last weeks high). If it can reach magnitude, then it could also continue up to previous highs. Just look out for exhaustion risk to the upside if it continues up after the original 57.70 magnitude.
International Paper Pulls Back from 28-month HighRecent months have seen a shift toward cyclical stocks like International Paper, which has some potentially bullish chart patterns.
First, IP spiked to $53.39 on January 6. That was the highest level since September 2018. Such a new high can indicate a stock is under accumulation – especially when it occurs so early in a calendar year.
Second, the materials company consistently hit resistance around $48 since November 2018. It stalled there again between January and April 2019 and again in December 2019 before the pandemic. However it broke that line in November and spent most of last month testing and holding it. Old resistance appears to be new support -- a potentially bullish pattern.
Finally, IP pulled back on Friday to hold its rising 50-day simple moving average (SMA).
Other trends beyond the chart may favor the former member of the Dow Jones Industrial Average. Materials have outperformed in the last six months as investors look for the global economy to rebound from coronavirus. Weighing in below $20 billion of market capitalization, IP is also the kind of non-FANG value stock many investors are now seeking. Finally, there could be strategic excitement as management spins off printing papers to focus on corrugated packaging.
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