ICAD INC (ICAD) Stock Technical Analysis
NASDAQ:ICAD - Nasdaq - US44934S2068 - Common Stock - Currency: USD
Overall ICAD gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ICAD has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 97% of all other stocks. We also observe that the gains produced by ICAD over the past year are nicely spread over this period.
ICAD is part of the Health Care Technology industry. There are 35 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 - 3.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ICAD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.99. Right above this resistance zone may be a good entry point.
More info and screens
1.66
4.04
5 important support areas can be observed.
- Support @3.86 from a horizontal line in the daily time frame.
- A support zone ranging from 3.77 to 3.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 @1.96 from a trend line in the weekly time frame.
- Support @1.68 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- 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 | 97.09 | POSITIVE | ICAD has a high relative strength, it outperformed 97.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICAD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ICAD is above 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) | 55.37 | NEUTRAL | The RSI value for ICAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ICAD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.63 | NEUTRAL | The Stochastics value for ICAD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for ICAD suggests some volalility. |
| Average Directional Index/ADX (14) | 16 | 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 |
|---|---|---|---|
| 4.01 | 3.85 | 0.16 (3.99%) | 25.00% |
| An entry @4.01. This is a Buy Stop order right above the resistance zone. | An exit @3.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.16 points, which is 3.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
3.87
+0.14 (+3.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg3.75%
1 Week-0.51%
2 Weeks4.03%
1 Month1.04%
3 Month20.19%
6 Month96.95%
12 Month197.69%
2 Year39.71%
3 Year3.75%
5 Year-58.03%
10 Year13.16%
15 Year99.48%
Volatility
ATR(14)0.14
ATR(20)%3.67%
ATR Inc64.63%
Range Today0.17
ADR(20)0.14
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.09
Mansfield4.9
10 Day High3.99
10 Day Low3.66
20 Day High3.99
20 Day Low3.58
52 Week High4.01
52 Week Low1.19
CS1 End3.86
CR1 Start3.99
Volume & EV
DER(3)-0.8%
DER(5)-1.44%
Volume190.10K
Volume Incr-12.69%
Vol(5)172.82K
Vol(50)327.63K