USA - NASDAQ:INCY - US45337C1027 - Common Stock
Taking everything into account, INCY scores 9 out of 10 in our technical rating. 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.
Although INCY has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
56.76
When analyzing the support we can see 5 important areas.
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 | 88.23 | POSITIVE | INCY has a high relative strength, it outperformed 88.23% 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) | 81.21 | OVERBOUGHT | The high RSI value suggests INCY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.63 | POSITIVE | The MACD value suggests INCY has a positive trend. |
| Stochastics (14,3) | 96.86 | OVERBOUGHT | The high Stochastics value suggests INCY may be overbought. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for INCY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.33 | NEUTRAL | The ADX value for INCY suggests a possible start of a new trend. |
105.7
+2.78 (+2.7%)
ChartMill assigns a technical rating of 9 / 10 to INCY.
The current trend direction for INCYTE CORP (INCY) is Bullish.
INCYTE CORP (INCY) has an RSI value of 81.2137. This indicates that the stock is currently overbought.
The MACD indicator for INCYTE CORP (INCY) has a value of 1.62794, indicating a bullish trend.
INCYTE CORP (INCY) has a support level at 90.78. Check the full technical report for our detailed analysis of INCY support and resistance levels.