International Paper Company (IP) stock rose slightly in its latest intraday trading, attempting to recover part of previous losses while also trying to relieve some of the oversold pressure apparent on the Relative Strength Index indicators, especially as positive signals begin to appear. However, the stock’s recent rise faced resistance from the 50-day SMA, with the medium-term trend still under bearish control.

 

Therefore, we expect the stock price to decline in its upcoming trading, as long as the 48.50$ resistance holds, targeting the key support level of 43.55$.

 

Today’s price forecast: Bearish