IDEXX LABORATORIES INC (IDXX) Stock Technical Analysis
USA - NASDAQ:IDXX - US45168D1046 - Common Stock
639.15 USD
+2.24 (+0.35%)
639.15 USD
0 (0%)
We assign a technical rating of 7 out of 10 to IDXX. In the last year, IDXX was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that IDXX is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by IDXX over the past year are nicely spread over this period.
IDXX is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. IDXX outperforms 85% of them.
IDXX 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 IDXX is lagging the market slightly.
In the last month IDXX has a been trading in the 600.57 - 661.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
IDXX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 633.78, a Stop Loss order could be placed below this zone.
More info and screens
531.09
670.56
When analyzing the support we can see 2 important areas.
- A support zone ranging from 615.94 to 633.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @536.45 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 640.24 to 641.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 658.06 to 663.92. 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 IDXX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IDXX is neutral. |
| ChartMill Relative Strength | 87.13 | POSITIVE | IDXX has a high relative strength, it outperformed 87.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IDXX is above 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) | 53.33 | NEUTRAL | The RSI value for IDXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests IDXX has a positive trend. |
| Stochastics (14,3) | 83.71 | OVERBOUGHT | The high Stochastics value suggests IDXX may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for IDXX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.79 | NEGATIVE | The low ADX value for IDXX suggests a weak or negative 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 |
|---|---|---|---|
| 641.65 | 615.93 | 25.72 (4.01%) | 24.95% |
| An entry @641.65. This is a Buy Stop order right above the resistance zone. | An exit @615.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 25.72 points, which is 4.01%. | For a 1.00% total portfolio risk, you can invest 24.95% of your capital in this trade. |
- 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.
639.15
+2.24 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.35%
1 Week1.47%
2 Weeks3.07%
1 Month-0.27%
3 Month24.2%
6 Month55.33%
12 Month39.63%
2 Year60%
3 Year77.7%
5 Year50.45%
10 Year831.43%
15 Year2031.92%
Volatility
ATR(14)16.43
ATR(20)%2.6%
ATR Inc-19.01%
Range Today11.13
ADR(20)15.85
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.13
Mansfield1.7
10 Day High642.91
10 Day Low614.55
20 Day High661.39
20 Day Low600.57
52 Week High688.12
52 Week Low356.14
CS1 End633.78
CR1 Start640.24
Volume & EV
DER(3)1.07%
DER(5)0.35%
Volume387.00K
Volume Incr-9.43%
Vol(5)383.90K
Vol(50)435.30K