ICAD INC (ICAD) Stock Technical Analysis
NASDAQ:ICAD - Nasdaq - US44934S2068 - Common Stock - Currency: USD
Taking everything into account, ICAD scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ICAD did better than 98% of all other stocks.
ICAD is part of the Health Care Technology industry. There are 36 other stocks in this industry. ICAD outperforms 100% of them.
ICAD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ICAD has a been trading in the 3.58 - 3.94 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ICAD also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.67, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.66
4.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.64 to 3.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.95 from a trend line in the weekly time frame.
- Support @1.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.76 to 3.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.99 to 4.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for ICAD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ICAD is neutral. |
| ChartMill Relative Strength | 98.09 | POSITIVE | ICAD has a high relative strength, it outperformed 98.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ICAD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ICAD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ICAD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.18 | NEUTRAL | The RSI value for ICAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ICAD has a negative trend. |
| Stochastics (14,3) | 73.22 | NEUTRAL | The Stochastics value for ICAD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ICAD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.03 | NEGATIVE | The low ADX value for ICAD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.79 | 3.65 | 0.14 (3.69%) | 25.00% |
| An entry @3.79. This is a Buy Stop order right above the resistance zone. | An exit @3.65. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.14 points, which is 3.69%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ICAD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.74
-0.14 (-3.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-3.61%
1 Week-0.53%
2 Weeks-3.11%
1 Month-2.86%
3 Month110.11%
6 Month96.84%
12 Month187.69%
2 Year35.02%
3 Year0.27%
5 Year-59.44%
10 Year9.36%
15 Year92.78%
Volatility
ATR(14)0.14
ATR(20)%3.63%
ATR Inc10.65%
Range Today0.14
ADR(20)0.13
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.09
Mansfield4.72
10 Day High3.94
10 Day Low3.66
20 Day High3.94
20 Day Low3.58
52 Week High4.01
52 Week Low1.19
CS1 End3.67
CR1 Start3.76
Volume & EV
DER(3)-1.33%
DER(5)-4%
Volume187.30K
Volume Incr-27.48%
Vol(5)161.66K
Vol(50)356.69K