Taking everything into account, INCY scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, INCY also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 98.12, 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
56.76
When analyzing the support we can see 5 important areas.
- A support zone ranging from 95.16 to 98.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.77 from a trend line in the daily time frame.
- Support @83.70 from a horizontal line in the daily time frame.
- Support @60.71 from a trend line in the weekly time frame.
- Support @57.33 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @108.26 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 INCY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INCY is neutral. |
| ChartMill Relative Strength | 89.97 | POSITIVE | INCY has a high relative strength, it outperformed 89.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INCY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INCY is above the rising 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) | 53.33 | NEUTRAL | The RSI value for INCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests INCY has a positive trend. |
| Stochastics (14,3) | 65.79 | NEUTRAL | The Stochastics value for INCY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for INCY suggests some volalility. |
| Average Directional Index/ADX (14) | 20.24 | NEUTRAL | The ADX value for INCY suggests a possible start of a new 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 |
|---|---|---|---|
| 103.46 | 95.15 | 8.31 (8.03%) | 12.45% |
| An entry @103.46. This is a Buy Stop order right above the 10 day high. | An exit @95.15. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.31 points, which is 8.03%. | For a 1.00% total portfolio risk, you can invest 12.45% of your capital in this trade. |
- 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.
100.71
-1.98 (-1.93%)
INCYTE CORP / INCY FAQ
What is the technical rating for INCY stock?
ChartMill assigns a technical rating of 9 / 10 to INCY.
What is the trend direction for INCY stock?
The current trend direction for INCYTE CORP (INCY) is Bullish.
What is the RSI signal for INCYTE CORP (INCY) stock?
INCYTE CORP (INCY) has an RSI value of 53.3277. 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 0.00365095, indicating a bearish trend.
Can you provide the support and resistance levels for INCYTE CORP?
INCYTE CORP (INCY) has a support level at 98.12 and a resistance level at 108.26. Check the full technical report for our detailed analysis of INCY support and resistance levels.