ICLR Technical Analysis - ICON PLC

Technical Rating and Analysis

Taking everything into account, ICLR scores 5 out of 10 in our technical rating. ICLR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

86% of all other stocks performed better in the past year than ICLR.

ICLR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

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.

In the last month ICLR has a been trading in the 161.01 - 183.46 range, which is quite wide. It is currently trading near the high of this range.

Prices have been consolidating recently, this may present a good entry opportunity.

ICLR has an average volume of 1349910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

ICLR is an average performer in the Life Sciences Tools & Services industry, it outperforms 40% of 55 stocks in the same industry.

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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

Although the technical rating is only medium, ICLR does present a nice setup opportunity. Prices have been consolidating lately. 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 178.09. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

152.08

188.89

4 important support areas can be observed.

A support zone ranging from 173.45 to 173.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 165.43 to 170.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @161.03 from a trend line in the weekly time frame.
Support @153.62 from a trend line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 178.09 to 180.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 186.84 to 187.02. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	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	14.87	NEGATIVE	ICLR has a low relative strength, it was outperformed by 85.13% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ICLR is below a declining 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)	51.12	NEUTRAL	The RSI value for ICLR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.33	NEGATIVE	The MACD value suggests ICLR has a negative trend.
Stochastics (14,3)	69.49	NEUTRAL	The Stochastics value for ICLR is a neutral value.
Average True Range in percent/ATR (20)	3.87	MEDIUM VOLATILITY	The ATR as a percentage value for ICLR suggests some volalility.
Average Directional Index/ADX (14)	14.73	NEGATIVE	The low ADX value for ICLR suggests a weak or negative trend.