ICOSAVAX INC (ICVX) Stock Technical Analysis
NASDAQ:ICVX - Nasdaq - US45114M1099 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to ICVX. Both in the recent history as in the last year, ICVX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ICVX did better than 94% of all other stocks.
ICVX is one of the better performing stocks in the Biotechnology industry, it outperforms 92% of 559 stocks in the same industry.
ICVX 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.
ICVX 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ICVX has an average volume of 1367230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ICVX has a been trading in a tight range between 15.17 and 15.59.
Besides having an excellent technical rating, ICVX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 15.31, 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
14.93
16.05
When analyzing the support we notice one important area.
- A support zone ranging from 15.08 to 15.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.73 to 15.89. 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 ICVX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICVX is up. |
| ChartMill Relative Strength | 94.46 | POSITIVE | ICVX has a high relative strength, it outperformed 94.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ICVX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ICVX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ICVX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.41 | NEUTRAL | The RSI value for ICVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ICVX has a negative trend. |
| Stochastics (14,3) | 48.15 | NEUTRAL | The Stochastics value for ICVX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for ICVX suggests low volalility. |
| Average Directional Index/ADX (14) | 31 | POSITIVE | The high ADX value value for ICVX suggests a strong 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 |
|---|---|---|---|
| 15.35 | 15.18 | 0.17 (1.08%) | 25.00% |
| An entry @15.35. This is a Buy Stop order right above the 10 day moving average. | An exit @15.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.17 points, which is 1.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.27%. |
- The distance between exit and entry is rather small compared to the average daily movement of ICVX. 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.
15.31
-0.14 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.91%
1 Week-0.33%
2 Weeks0.46%
1 Month-0.78%
3 Month36.21%
6 Month107.73%
12 Month68.8%
2 Year-12.11%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.01%
ATR Inc75.5%
Range Today0.16
ADR(20)0.15
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.46
Mansfield4.46
10 Day High15.58
10 Day Low15.19
20 Day High15.59
20 Day Low15.17
52 Week High16.1
52 Week Low4.75
CS1 End15.31
CR1 Start15.73
Volume & EV
DER(3)-0.08%
DER(5)-2.58%
Volume9.32M
Volume Incr327.35%
Vol(5)3.43M
Vol(50)1.37M