INCYTE CORP (INCY) Stock Technical Analysis
NASDAQ:INCY - Nasdaq - US45337C1027 - Common Stock - Currency: USD
Overall INCY gets a technical rating of 7 out of 10. In the last year, INCY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
In the last month INCY has a been trading in the 66.74 - 71.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
INCY has an average volume of 1961670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, INCY outperforms 64% of them, which is more or less in line with the market.
INCY is an average performer in the Biotechnology industry, it outperforms 68% of 555 stocks in the same industry.
INCY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INCY is lagging the market.
Besides having an excellent technical rating, INCY 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 67.26, a Stop Loss order could be placed below this zone.
More info and screens
56.76
73.92
When analyzing the support we can see 3 important areas.
- Support @67.26 from a horizontal line in the daily time frame.
- A support zone ranging from 65.02 to 66.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.33 to 58.98. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 68.49 to 68.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 70.23 to 71.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @73.19 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 | UP | POSITIVE | The short term trend for INCY is up. |
| ChartMill Relative Strength | 64.24 | NEUTRAL | INCY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INCY is below 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) | 53.17 | NEUTRAL | The RSI value for INCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests INCY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.92 | NEUTRAL | The Stochastics value for INCY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for INCY suggests some volalility. |
| Average Directional Index/ADX (14) | 32.09 | 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)
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 |
|---|---|---|---|
| 68.78 | 67.25 | 1.53 (2.22%) | 25.00% |
| An entry @68.78. This is a Buy Stop order right above the resistance zone. | An exit @67.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.53 points, which is 2.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- The distance between exit and entry is rather small compared to the average daily movement of INCY. Please evaluate whether better entry and exit points can be found.
- 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.
68.45
+0.28 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.41%
1 Week-3.33%
2 Weeks0.26%
1 Month1.53%
3 Month12.99%
6 Month-1.69%
12 Month19.4%
2 Year7.42%
3 Year-11.88%
5 Year-30.69%
10 Year-34.36%
15 Year425.73%
Volatility
ATR(14)2.2
ATR(20)%2.9%
ATR Inc-51.79%
Range Today1.08
ADR(20)1.76
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.24
Mansfield-0.62
10 Day High71.5
10 Day Low66.74
20 Day High71.5
20 Day Low66.74
52 Week High83.95
52 Week Low53.56
CS1 End67.26
CR1 Start68.49
Volume & EV
DER(3)-0.43%
DER(5)-0.01%
Volume1.27M
Volume Incr-6.77%
Vol(5)2.03M
Vol(50)1.96M