International Paper (IP) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for IP · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$42.31last close · Aug 4, 202652-week range $29.26 – $50.25 · 15.8% below the high

IP Rising Wedge Pattern

IP is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge usually breaks lower, but IP is breaking higher out of it instead — a notably bullish turn. A breakout projects a measured-move target near $43.93 (+9.7%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; IP's own rising wedges have hit 58.8%.

DirectionBullishTarget$43.93Projected move+9.7%Breakout level$40.47

New to this pattern? What a rising wedge is and how to trade it →

IP's Most Recent Rising Wedge Trade

IP's most recent completed rising wedge (which broke against type) resolved as a win: it broke higher on Jan 5, 2026 near $40.60, then reached its target at $46.86 on Feb 19, 2026 — a +2.43R move (15.4%) over 31 sessions. Across 167 backtested rising wedges, this setup wins 53.9% of the time.

OutcomeWinResult+2.43REntry$40.60Exit$46.86

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
IP win rate
58.8%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

IP Pattern Trade History

Every completed pattern trade our nightly backtest found on IP's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJan 5, 2026 @ $40.60Feb 19, 2026 @ $46.86Win+2.43R
TriangleDec 26, 2025 @ $39.74Jan 20, 2026 @ $41.66Win+1.13R
Falling WedgeOct 14, 2025 @ $46.72Oct 30, 2025 @ $38.63Loss-3.15R
Falling WedgeMay 12, 2025 @ $47.11Jul 31, 2025 @ $46.74Loss-0.10R
Bullish PennantJan 3, 2025 @ $52.85Mar 4, 2025 @ $51.30Loss-155.00R
Bullish PennantAug 19, 2024 @ $47.46Nov 13, 2024 @ $56.38Win+2.38R
Falling WedgeMay 2, 2024 @ $35.50Jun 4, 2024 @ $44.22Win+3.73R
TriangleMar 19, 2024 @ $36.35Apr 2, 2024 @ $38.70Win+1.62R
TriangleJan 31, 2024 @ $36.11Feb 2, 2024 @ $34.08Win+1.14R
Falling WedgeNov 27, 2023 @ $33.69Dec 12, 2023 @ $36.05Win+1.22R
TriangleNov 20, 2023 @ $32.98Nov 28, 2023 @ $34.26Loss-1.03R
TriangleOct 18, 2023 @ $35.02Oct 20, 2023 @ $33.71Win+1.56R

IP Support and Resistance Levels

Nothing notable near price right now — the chart is quiet on the weekly view, and that's perfectly normal.

  • Much of the time charts simply drift between levels; the best reads are worth waiting for.
  • Keep an eye out for price approaching a floor (where it tends to steady) or a ceiling (where it tends to stall) — that's usually where the next readable move begins.

Nearest auto-detected support sits near $38.38. These are chart/swing-derived levels, not formula pivots.

Support
$38.38$37.72$32.00$31.69

IP Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$41.67$42.54$41.43$42.31
Aug 3, 2026$41.73$42.15$41.12$41.45
Jul 31, 2026$43.98$43.99$40.79$40.83
Jul 30, 2026$44.02$44.02$42.04$43.15
Jul 29, 2026$42.95$43.62$42.44$42.64
Jul 28, 2026$43.57$44.82$43.35$44.09
Jul 27, 2026$42.75$43.43$41.99$42.41
Jul 24, 2026$37.75$42.32$37.71$42.16
Jul 23, 2026$37.71$38.73$37.40$37.91
Jul 22, 2026$36.42$38.20$36.40$38.09

IP Frequently Asked Questions

What chart pattern is IP forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on International Paper (IP) on the daily chart, with a measured-move target of $43.93.
Is a rising wedge bullish or bearish?
The rising wedge detected on IP is a bullish pattern, projecting a measured-move target of $43.93. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for IP?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), IP's nearest support is around $38.38 and nearest resistance around n/a.
What is the price target if IP's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $43.93 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was IP's closing price on Aug 4, 2026?
International Paper (IP) last closed at $42.31 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.