ICAD Technical Analysis - ICADE

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to ICAD. In the past year, ICAD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, ICAD is a bad performer in the overall market: 92% of all stocks are doing better.

ICAD is part of the Diversified REITs industry. There are 40 other stocks in this industry, of which 82% are performing better than ICAD.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

ICAD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ICAD is lagging the market.

In the last month ICAD has a been trading in the 19.53 - 22.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ICAD has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.72

24.77

We found 2 important support areas.

A support zone ranging from 20.64 to 21.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @19.92 from a trend line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 21.51 to 21.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 22.80 to 22.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 24.16 to 24.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for ICAD.PA is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ICAD.PA is up.
ChartMill Relative Strength	8.49	NEGATIVE	ICAD.PA has a low relative strength, it was outperformed by 91.51% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ICAD.PA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ICAD.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ICAD.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	55.23	NEUTRAL	The RSI value for ICAD.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests ICAD.PA has a positive trend.
Stochastics (14,3)	95.24	OVERBOUGHT	The high Stochastics value suggests ICAD.PA may be overbought.
Average True Range in percent/ATR (20)	2.17	MEDIUM VOLATILITY	The ATR as a percentage value for ICAD.PA suggests some volalility.
Average Directional Index/ADX (14)	18.54	NEGATIVE	The low ADX value for ICAD.PA suggests a weak or negative trend.