IDEXX LABORATORIES INC (IDXX) Stock Technical Analysis
NASDAQ:IDXX - US45168D1046 - Common Stock
641.35 USD
-4.2 (-0.65%)
641.35 USD
0 (0%)
We assign a technical rating of 10 out of 10 to IDXX. Both in the recent history as in the last year, IDXX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that IDXX is one of the better performing stocks in the market, outperforming 86% of all stocks.
IDXX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 88% of 185 stocks in the same industry.
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 527.81 - 688.12 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, IDXX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 641.34, a Stop Loss order could be placed below this zone. 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.
More info and screens
387.46
651.99
When analyzing the support we can see 5 important areas.
- A support zone ranging from 628.98 to 641.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 567.61 to 577.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @519.85 from a horizontal line in the daily time frame.
- Support @500.87 from a horizontal line in the daily time frame.
- Support @391.37 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 642.37 to 645.53. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 86.24 | POSITIVE | IDXX has a high relative strength, it outperformed 86.24% 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) | 59.14 | NEUTRAL | The RSI value for IDXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.65 | NEGATIVE | The MACD value suggests IDXX has a negative trend. |
| Stochastics (14,3) | 32.47 | NEUTRAL | The Stochastics value for IDXX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for IDXX suggests some volalility. |
| Average Directional Index/ADX (14) | 37.45 | POSITIVE | The high ADX value value for IDXX suggests a strong 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 |
|---|---|---|---|
| 645.54 | 632.56 | 12.98 (2.01%) | 25.00% |
| An entry @645.54. This is a Buy Stop order right above the resistance zone. | An exit @632.56. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 12.98 points, which is 2.01%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IDXX. Please evaluate whether better entry and exit points can be found.
- 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.
641.35
-4.2 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.65%
1 Week0.55%
2 Weeks-1.65%
1 Month13.21%
3 Month24.93%
6 Month46.73%
12 Month33.25%
2 Year25.41%
3 Year84.5%
5 Year64%
10 Year797.37%
15 Year2220.79%
Volatility
ATR(14)13.75
ATR(20)%3.6%
ATR Inc-52.12%
Range Today8.13
ADR(20)16.53
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.24
Mansfield2.38
10 Day High665.03
10 Day Low632.57
20 Day High688.12
20 Day Low527.81
52 Week High688.12
52 Week Low356.14
CS1 End641.34
CR1 Start642.37
Volume & EV
DER(3)-0.02%
DER(5)-0.47%
Volume395.60K
Volume Incr-53.95%
Vol(5)392.86K
Vol(50)611.30K