IDEXX LABORATORIES INC (IDXX) Stock Technical Analysis
NASDAQ:IDXX • US45168D1046
We assign a technical rating of 1 out of 10 to IDXX. IDXX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month IDXX has a been trading in the 606.04 - 709.24 range, which is quite wide. It is currently trading near the lows of this range.
- IDXX is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry. IDXX outperforms 80% of them.
- When comparing the performance of all stocks over the past year, IDXX turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- IDXX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IDXX is lagging the market.
Although the technical rating is bad, IDXX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 634.25, a Stop Loss order could be placed below this zone.
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611.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 629.34 to 634.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 617.19 to 619.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 682.90 to 690.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 715.38 to 724.77. 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 | DOWN | NEGATIVE | The long term trend for IDXX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IDXX is down. |
| ChartMill Relative Strength | 69.32 | NEUTRAL | IDXX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IDXX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IDXX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IDXX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.8 | NEUTRAL | The RSI value for IDXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.84 | NEGATIVE | The MACD value suggests IDXX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.11 | NEUTRAL | The Stochastics value for IDXX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for IDXX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.49 | POSITIVE | The high ADX value value for IDXX suggests a strong trend. |
634.9
+8.73 (+1.39%)
IDEXX LABORATORIES INC / IDXX FAQ
What is the ChartMill technical rating of IDEXX LABORATORIES INC (IDXX) stock?
ChartMill assigns a technical rating of 1 / 10 to IDXX.
What is the current trend direction of IDEXX LABORATORIES INC (IDXX) stock?
The current trend direction for IDEXX LABORATORIES INC (IDXX) is Bearish.
Can you provide the RSI signal for IDEXX LABORATORIES INC?
IDEXX LABORATORIES INC (IDXX) has an RSI value of 38.802. This indicates that the stock is currently neutral.
What is the MACD signal for IDEXX LABORATORIES INC (IDXX) stock?
The MACD indicator for IDEXX LABORATORIES INC (IDXX) has a value of -1.83607, indicating a bearish trend.
What are the support and resistance levels for IDEXX LABORATORIES INC (IDXX) stock?
IDEXX LABORATORIES INC (IDXX) has a support level at 634.25 and a resistance level at 682.9. Check the full technical report for our detailed analysis of IDXX support and resistance levels.