ICON PLC (ICLR) Stock Technical Analysis
USA - NASDAQ:ICLR - IE0005711209 - Common Stock
183.49 USD
-4.22 (-2.25%)
183.49 USD
0 (0%)
Overall ICLR gets a technical rating of 6 out of 10. In the last year, ICLR was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
77% of all other stocks performed better in the past year than ICLR.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ICLR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ICLR has an average volume of 1005930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ICLR is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, ICLR did better than 43% of them.
ICLR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ICLR is lagging the market.
ICLR has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 193.12. Right above this resistance zone may be a good entry point.
More info and screens
156.91
196.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 166.87 to 167.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 162.52 to 163.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @158.49 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 193.12 to 195.02. 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 | NEUTRAL | NEUTRAL | The long term trend for ICLR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICLR is up. |
| ChartMill Relative Strength | 23.44 | NEGATIVE | ICLR has a low relative strength, it was outperformed by 76.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICLR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ICLR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ICLR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.95 | NEUTRAL | The RSI value for ICLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests ICLR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.49 | NEUTRAL | The Stochastics value for ICLR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ICLR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.87 | NEGATIVE | The low ADX value for ICLR 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 |
|---|---|---|---|
| 185.25 | 162.03 | 23.22 (12.54%) | 7.98% |
| An entry @185.25. This is a Buy Stop order right above the 10 day moving average. | An exit @162.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 23.22 points, which is 12.54%. | For a 1.00% total portfolio risk, you can invest 7.98% of your capital in this trade. |
- 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.
183.49
-4.22 (-2.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-2.25%
1 Week-5.36%
2 Weeks12.03%
1 Month4.85%
3 Month21.9%
6 Month27.39%
12 Month-38.15%
2 Year-24.79%
3 Year-7.25%
5 Year1.77%
10 Year187.29%
15 Year848.27%
Volatility
ATR(14)6.33
ATR(20)%3.41%
ATR Inc-11.9%
Range Today7.69
ADR(20)6.22
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.44
Mansfield-0.61
10 Day High197.05
10 Day Low162.04
20 Day High197.05
20 Day Low161.64
52 Week High301.46
52 Week Low125.1
CS1 End167.89
CR1 Start193.12
Volume & EV
DER(3)0.04%
DER(5)-0.66%
Volume540.70K
Volume Incr-36.11%
Vol(5)697.92K
Vol(50)1.01M