IDEXX LABORATORIES INC (IDXX) Stock Technical Analysis
USA - NASDAQ:IDXX - US45168D1046 - Common Stock
645.65 USD
+1.66 (+0.26%)
645.65 USD
0 (0%)
Overall IDXX gets a technical rating of 10 out of 10. 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.
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 IDXX is one of the better performing stocks in the market, outperforming 82% of all stocks.
IDXX is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. IDXX outperforms 83% 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 a tight range between 625.55 and 655.77.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 643.97, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
670.56
We found 5 important support areas.
- A support zone ranging from 633.04 to 643.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 594.11 to 605.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @529.05 from a trend line in the daily time frame.
- Support @519.85 from a horizontal line in the daily time frame.
- Support @391.37 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 658.07 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 | UP | POSITIVE | The short term trend for IDXX is up. |
| ChartMill Relative Strength | 82.94 | POSITIVE | IDXX has a high relative strength, it outperformed 82.94% 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) | 56.1 | NEUTRAL | The RSI value for IDXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.04 | NEGATIVE | The MACD value suggests IDXX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.71 | NEUTRAL | The Stochastics value for IDXX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for IDXX suggests low volalility. |
| Average Directional Index/ADX (14) | 24.35 | NEUTRAL | The ADX value for IDXX 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)
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 |
|---|---|---|---|
| 663.93 | 633.03 | 30.90 (4.65%) | 21.49% |
| An entry @663.93. This is a Buy Stop order right above the resistance zone. | An exit @633.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 30.90 points, which is 4.65%. | When investing 21.49% 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.
645.65
+1.66 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.26%
1 Week-1.52%
2 Weeks0.97%
1 Month1.22%
3 Month23.23%
6 Month53.36%
12 Month27.41%
2 Year47.65%
3 Year98.17%
5 Year64.24%
10 Year769.56%
15 Year1992.19%
Volatility
ATR(14)13.74
ATR(20)%1.89%
ATR Inc-12.79%
Range Today12.82
ADR(20)11.56
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.94
Mansfield2.05
10 Day High655.77
10 Day Low625.55
20 Day High655.77
20 Day Low625.55
52 Week High688.12
52 Week Low356.14
CS1 End643.97
CR1 Start658.07
Volume & EV
DER(3)-1.23%
DER(5)-0.52%
Volume404.40K
Volume Incr-8.31%
Vol(5)380.76K
Vol(50)575.36K