IDEXX LABORATORIES INC (IDXX) Stock Technical Analysis
USA - NASDAQ:IDXX - US45168D1046 - Common Stock
We assign a technical rating of 10 out of 10 to IDXX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IDXX is showing a nice and steady performance.
IDXX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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609.98
2 important support areas can be observed.
- A support zone ranging from 633.05 to 650.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 616.14 to 618.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @722.95 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 IDXX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IDXX is up. |
| ChartMill Relative Strength | 90.4 | POSITIVE | IDXX has a high relative strength, it outperformed 90.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IDXX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IDXX is above the rising 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) | 62.99 | NEUTRAL | The RSI value for IDXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.79 | POSITIVE | The MACD value suggests IDXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.13 | NEUTRAL | The Stochastics value for IDXX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for IDXX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.28 | POSITIVE | The high ADX value value for IDXX 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 |
|---|---|---|---|
| 722.96 | 628.89 | 94.07 (13.01%) | 7.69% |
| An entry @722.96. This is a Buy Stop order right above the resistance zone. | An exit @628.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 94.07 points, which is 13.01%. | When investing 7.69% 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.
701.48
-12.08 (-1.69%)
IDEXX LABORATORIES INC / IDXX FAQ
What is the ChartMill technical rating of IDEXX LABORATORIES INC (IDXX) stock?
ChartMill assigns a technical rating of 10 / 10 to IDXX.
Can you provide the trend direction for IDEXX LABORATORIES INC?
The current trend direction for IDEXX LABORATORIES INC (IDXX) is Bullish.
Can you provide the RSI signal for IDEXX LABORATORIES INC?
IDEXX LABORATORIES INC (IDXX) has an RSI value of 62.9888. This indicates that the stock is currently neutral.
Can you provide the MACD signal for IDEXX LABORATORIES INC?
The MACD indicator for IDEXX LABORATORIES INC (IDXX) has a value of 3.79104, indicating a bullish trend.
What is the support and resistance level for IDXX stock?
IDEXX LABORATORIES INC (IDXX) has a support level at 650.8 and a resistance level at 722.95. Check the full technical report for our detailed analysis of IDXX support and resistance levels.