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IP - The International Paper Company (NYSE)

IP

The International Paper Company (NYSE)

Trading schedule (UTC) -

Open Now Closed Now

Closes on Opening on at

Sell

Buy

Open

High

Low

Day’s range

52wk range

Short swap -0.35

Sell

Long swap -0.35

Buy

Min spread

0.01

Avg spread

Current spread

The International Paper Company (NYSE)

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Anderson Noah

Today at Yesterday at Two days ago 20.08.2024

International Paper (IP) stocks have shown a significant reversal from a two-year-long downtrend, breaking out in August 2023. The stock prices edged moderately higher by May 2024, but the last three months saw a sharp acceleration, with prices rising 35.0% to $47.50 per share in May. This upward momentum formed an ascending triangle pattern, a technical indicator suggesting a continuation of the rally. Prices attempted to break through the resistance of this triangle in mid-August, potentially paving the way for another 11-13% upside.

At the current levels of $46.00-47.50, buying IP stocks seems reasonable, with a target price set at $52.50-54.00. This target aligns with the triangle’s upside potential. A stop-loss could be strategically placed at $40.30 to protect against downside risks.

The International Paper Company (NYSE)

International Paper Company operates as a packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Global Cellulose Fibers segment provides fluff, market, and specialty pulps that are used in absorbent hygiene products, such as baby diapers, feminine care, adult incontinence, and other non-woven products; tissue and paper products; and non-absorbent end applications, including textiles, filtration, construction material, paints and coatings, reinforced plastics, and other applications. It sells its products directly to end users and converters, as well as through agents, resellers, and paper distributors. The company was founded in 1898 and is headquartered in Memphis, Tennessee.

Details

Account Type

CFD Trading: MetaTrader 5

Investing: Web

Commission 0.1 %

Trading schedule (UTC)

Open Now Closed Now Closes on Opening on at

This shows the opening hours in your local time zone (UTC)

Ticker	IP
Contract value	100 shares
Maximum leverage	1:5

Swaps history

Date	Short Swap (%)	Long Swap (%)
No data

Minimum transaction volume	0.01 lot
Maximum transaction volume	100 lots
Hedging margin	50%

Margin requirements

USD Exposure	Max Leverage Applied	Floating Margin

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