IDEXX LABORATORIES INC (IDXX) Stock Technical Analysis
NASDAQ:IDXX - Nasdaq - US45168D1046 - Common Stock - Currency: USD
Overall IDXX gets a technical rating of 9 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
IDXX is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. IDXX outperforms 81% of them.
IDXX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IDXX is leading the market.
In the last month IDXX has a been trading in the 496.61 - 530.73 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that IDXX is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, IDXX 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 a resistance zone just above the current price starting at 523.09. Right above this resistance zone may be a good entry point.
More info and screens
387.46
532.20
We found 2 important support areas.
- Support @500.86 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 523.09 to 526.93. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 81.21 | POSITIVE | IDXX has a high relative strength, it outperformed 81.21% 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) | 62.21 | NEUTRAL | The RSI value for IDXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.35 | NEGATIVE | The MACD value suggests IDXX has a negative trend. |
| Stochastics (14,3) | 79.65 | NEUTRAL | The Stochastics value for IDXX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for IDXX suggests low volalility. |
| Average Directional Index/ADX (14) | 37.7 | 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 |
|---|---|---|---|
| 526.94 | 504.55 | 22.39 (4.25%) | 23.53% |
| An entry @526.94. This is a Buy Stop order right above the resistance zone. | An exit @504.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 22.39 points, which is 4.25%. | When investing 23.53% 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.
522.7
-4.22 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.8%
1 Week-0.42%
2 Weeks1.82%
1 Month2.09%
3 Month25.86%
6 Month20.97%
12 Month3.71%
2 Year4.08%
3 Year49.03%
5 Year58.32%
10 Year714.94%
15 Year1616.58%
Volatility
ATR(14)9.2
ATR(20)%1.91%
ATR Inc-18.4%
Range Today7.08
ADR(20)9.58
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.21
Mansfield0.97
10 Day High530.73
10 Day Low504.56
20 Day High530.73
20 Day Low496.61
52 Week High530.73
52 Week Low356.14
CS1 End500.86
CR1 Start523.09
Volume & EV
DER(3)1.25%
DER(5)1.63%
Volume411.40K
Volume Incr-32.28%
Vol(5)379.12K
Vol(50)824.21K