Exploring INTERPUBLIC GROUP OF COS INC's Technical Signals and Breakout Potential.

INTERPUBLIC GROUP OF COS INC (NYSE:IPG) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:IPG.

Analyzing the Technical Aspects

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

We assign a technical rating of 7 out of 10 to IPG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IPG is only an average performer.

• The long and short term trends are both positive. This is looking good!
• When compared to the yearly performance of all other stocks, IPG outperforms 43% of them, which is more or less in line with the market.
• IPG is part of the Media industry. There are 91 other stocks in this industry, IPG did better than 57% of them.
• IPG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IPG is lagging the market.
• In the last month IPG has a been trading in a tight range between 30.48 and 32.21.

Our latest full technical report of IPG contains the most current technical analsysis.

How does the Setup look for NYSE:IPG

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:IPG scores a 9 out of 10:

IPG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 31.51, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How to trade NYSE:IPG?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Of course, there are many ways to trade or not trade NYSE:IPG and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.