INCYTE CORP (INCY) Technical Analysis
NASDAQ:INCY • US45337C1027
Current stock price
INCY Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to INCY. Although INCY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month INCY has a been trading in the 90.34 - 103.16 range, which is quite wide. It is currently trading near the lows of this range.
- INCY has an average volume of 1855920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, INCY did better than 82% of all other stocks. On top of that, INCY also shows a nice and consistent pattern of rising prices. However, INCY's most recent performance is quite weak.
- INCY is an average performer in the Biotechnology industry, it outperforms 64% of 517 stocks in the same industry.
- INCY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INCY is lagging the market slightly.
INCY Weekly and Daily overview Charts
INCY Setup Rating and Analysis
INCY has only a medium technical rating, but it does show 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 90.77, a Stop Loss order could be placed below this zone.
More info and screens
INCY Support and Resistance Analysis
56.76
We found 3 important support areas.
- A support zone ranging from 90.77 to 90.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.96 from a trend line in the weekly time frame.
- Support @57.33 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @102.99 from a horizontal line in the daily time frame.
- Resistance @108.26 from a horizontal line in the daily time frame.
- Resistance @110.57 from a horizontal line in the daily time frame.
INCY Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for INCY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INCY is down. |
| ChartMill Relative Strength | 82.48 | POSITIVE | INCY has a high relative strength, it outperformed 82.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INCY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INCY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INCY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.24 | NEUTRAL | The RSI value for INCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests INCY has a negative trend. |
| Stochastics (14,3) | 11.1 | OVERSOLD | The low Stochastics value suggests INCY may be oversold. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for INCY suggests some volalility. |
| Average Directional Index/ADX (14) | 21.42 | NEUTRAL | The ADX value for INCY suggests a possible start of a new trend. |
INCY Chart- and CandleStick Pattern Analysis
INCY Technicals: Chart, Performance Metrics, Trend & Indicators
90.78
-2.17 (-2.33%)
INCYTE CORP / INCY TA FAQ
What is the technical rating for INCY stock?
ChartMill assigns a technical rating of 4 / 10 to INCY.
What is the current trend direction of INCYTE CORP (INCY) stock?
The current trend direction for INCYTE CORP (INCY) is Bearish.
What is the RSI signal for INCYTE CORP (INCY) stock?
INCYTE CORP (INCY) has an RSI value of 33.2363. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INCYTE CORP?
The MACD indicator for INCYTE CORP (INCY) has a value of -0.402597, indicating a bearish trend.
What is the short term momentum for INCY stock?
The short term momentum for INCYTE CORP (INCY) is negative.