INTERDIGITAL INC (IDCC) Stock Technical Analysis
NASDAQ:IDCC - Nasdaq - US45867G1013 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to IDCC. 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 93% of all stocks. We also observe that the gains produced by IDCC over the past year are nicely spread over this period.
IDCC is one of the better performing stocks in the Software industry, it outperforms 86% of 281 stocks in the same industry.
IDCC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IDCC is performing more or less in line with the market.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month IDCC has a been trading in the 213.06 - 277.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although IDCC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
204.09
255.33
We found 3 important support areas.
- A support zone ranging from 216.01 to 225.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @209.56 from a trend line in the weekly time frame.
- Support @206.15 from a trend 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 | 93.12 | POSITIVE | IDCC has a high relative strength, it outperformed 93.12% 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) | 70.31 | OVERBOUGHT | The high RSI value suggests IDCC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.88 | POSITIVE | The MACD value suggests IDCC has a positive trend. |
| Stochastics (14,3) | 71.82 | NEUTRAL | The Stochastics value for IDCC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for IDCC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.12 | NEUTRAL | The ADX value for IDCC suggests a possible start of a new 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)
252.8
-5.4 (-2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.09%
1 Week12.67%
2 Weeks12.26%
1 Month12.6%
3 Month19.83%
6 Month38.16%
12 Month85.57%
2 Year191.55%
3 Year403.99%
5 Year313.41%
10 Year411.02%
15 Year922.65%
Volatility
ATR(14)10.1
ATR(20)%3.47%
ATR Inc183.75%
Range Today11.16
ADR(20)8.06
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.12
Mansfield2.45
10 Day High277.95
10 Day Low213.06
20 Day High277.95
20 Day Low213.06
52 Week High277.95
52 Week Low129.76
CS1 End225.3
CR1 StartN/A
Volume & EV
DER(3)-0.06%
DER(5)-0.8%
Volume426.80K
Volume Incr138.77%
Vol(5)538.64K
Vol(50)260.52K