ICOSAVAX INC (ICVX) Stock Technical Analysis
USA - NASDAQ:ICVX - US45114M1099 - Common Stock
Overall ICVX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ICVX is showing a nice and steady performance.
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.
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14.93
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.
When analyzing the resistance we notice one important 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. |
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%. | For a 0.27% 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 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%)
ICOSAVAX INC / ICVX FAQ
What is the ChartMill technical rating of ICOSAVAX INC (ICVX) stock?
ChartMill assigns a technical rating of 9 / 10 to ICVX.
Can you provide the trend direction for ICOSAVAX INC?
The current trend direction for ICOSAVAX INC (ICVX) is Bullish.
Can you provide the RSI signal for ICOSAVAX INC?
ICOSAVAX INC (ICVX) has an RSI value of 55.4075. This indicates that the stock is currently neutral.
What is the buy/sell signal for ICOSAVAX INC (ICVX) stock?
The buy/sell signal for ICOSAVAX INC (ICVX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ICOSAVAX INC?
ICOSAVAX INC (ICVX) has a support level at 15.31 and a resistance level at 15.73. Check the full technical report for our detailed analysis of ICVX support and resistance levels.