INCYTE CORP (INCY) Stock Technical Analysis
NASDAQ:INCY - US45337C1027 - Common Stock
84.76 USD
-0.28 (-0.33%)
84.76 USD
0 (0%)
Overall INCY gets a technical rating of 9 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, INCY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
INCY is one of the better performing stocks in the Biotechnology industry, it outperforms 79% of 547 stocks in the same industry.
INCY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
INCY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
INCY has an average volume of 1799120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, INCY did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
INCY has an excellent technical rating and 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.
More info and screens
56.76
87.79
When analyzing the support we can see 5 important areas.
- A support zone ranging from 84.75 to 84.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @71.87 from a trend line in the daily time frame.
- Support @67.26 from a horizontal line in the daily time frame.
- Support @58.95 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.
- A resistance zone ranging from 86.92 to 86.92. 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 INCY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INCY is up. |
| ChartMill Relative Strength | 86.49 | POSITIVE | INCY has a high relative strength, it outperformed 86.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INCY is above the rising 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) | 67.03 | NEUTRAL | The RSI value for INCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests INCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.53 | OVERBOUGHT | The high Stochastics value suggests INCY may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for INCY suggests some volalility. |
| Average Directional Index/ADX (14) | 48.78 | POSITIVE | The high ADX value value for INCY 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)
84.76
-0.28 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.33%
1 Week-0.19%
2 Weeks7.03%
1 Month20.81%
3 Month30.28%
6 Month15.32%
12 Month29.09%
2 Year31.35%
3 Year20.35%
5 Year-12.03%
10 Year-27.05%
15 Year577.54%
Volatility
ATR(14)2.02
ATR(20)%2.79%
ATR Inc-14.18%
Range Today1.44
ADR(20)2.31
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.49
Mansfield1.24
10 Day High87.24
10 Day Low79.33
20 Day High87.24
20 Day Low71
52 Week High87.24
52 Week Low53.56
CS1 End84.75
CR1 Start86.92
Volume & EV
DER(3)2.81%
DER(5)1.99%
Volume1.64M
Volume Incr-21.38%
Vol(5)1.52M
Vol(50)1.80M