INTERDIGITAL INC (IDCC) Stock Technical Analysis
NASDAQ:IDCC • US45867G1013
Overall IDCC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, IDCC 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.
- When comparing the yearly performance of all stocks, we notice that IDCC is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by IDCC over the past year are nicely spread over this period.
- IDCC is part of the Software industry. There are 274 other stocks in this industry. IDCC outperforms 93% of them.
- IDCC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IDCC is lagging the market slightly.
- In the last month IDCC has a been trading in the 310.00 - 383.13 range, which is quite wide. It is currently trading near the high of this range.
IDCC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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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266.79
When analyzing the support we can see 4 important areas.
- A support zone ranging from 325.17 to 329.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @313.86 from a horizontal line in the daily time frame.
- Support @308.76 from a horizontal line in the daily time frame.
- Support @269.48 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @378.63 from a horizontal line in the weekly time frame.
- Resistance @396.55 from a horizontal line in the daily time frame.
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 IDCC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IDCC is up. |
| ChartMill Relative Strength | 87.99 | POSITIVE | IDCC has a high relative strength, it outperformed 87.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IDCC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IDCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IDCC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.62 | NEUTRAL | The RSI value for IDCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests IDCC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.43 | NEUTRAL | The Stochastics value for IDCC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for IDCC suggests high volalility. |
| Average Directional Index/ADX (14) | 15.65 | NEGATIVE | The low ADX value for IDCC suggests a weak or negative 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 |
|---|---|---|---|
| 378.64 | 343.36 | 35.28 (9.32%) | 10.73% |
| An entry @378.64. This is a Buy Stop order right above the resistance zone. | An exit @343.36. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 35.28 points, which is 9.32%. | When investing 10.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
366.53
-8.76 (-2.33%)
INTERDIGITAL INC / IDCC FAQ
What is the technical rating for IDCC stock?
ChartMill assigns a technical rating of 10 / 10 to IDCC.
Can you provide the trend direction for INTERDIGITAL INC?
The current trend direction for INTERDIGITAL INC (IDCC) is Bullish.
What is the RSI signal for IDCC stock?
INTERDIGITAL INC (IDCC) has an RSI value of 55.6203. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INTERDIGITAL INC?
The short term momentum for INTERDIGITAL INC (IDCC) is positive.
What is the buy/sell signal for INTERDIGITAL INC (IDCC) stock?
The buy/sell signal for INTERDIGITAL INC (IDCC) is buy as both the short term and long term trends are positive.