INCYTE CORP (INCY) Stock Technical Analysis
NASDAQ:INCY - Nasdaq - US45337C1027 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to INCY. In the past year, INCY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
INCY is part of the Biotechnology industry. There are 561 other stocks in this industry. INCY outperforms 80% of them.
In the last month INCY has a been trading in the 57.77 - 66.11 range, which is quite wide. It is currently trading near the high of this range.
INCY has an average volume of 2122860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, INCY turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
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 has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
56.30
76.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 60.75 to 60.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 56.87 to 57.49. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @64.25 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 65.31 to 66.56. 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.
- Resistance @75.45 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 | NEUTRAL | NEUTRAL | The long term trend for INCY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INCY is up. |
| ChartMill Relative Strength | 57.23 | NEUTRAL | INCY is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of INCY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of INCY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.46 | NEUTRAL | The RSI value for INCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests INCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.84 | OVERBOUGHT | The high Stochastics value suggests INCY may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for INCY suggests some volalility. |
| Average Directional Index/ADX (14) | 20.34 | NEUTRAL | The ADX value for INCY suggests a possible start of a new 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)
64.245
-0.27 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.41%
1 Week1.48%
2 Weeks8.93%
1 Month8.6%
3 Month-10.91%
6 Month-10.42%
12 Month12.1%
2 Year4.38%
3 Year-15.34%
5 Year-36.96%
10 Year-41.67%
15 Year398.41%
Volatility
ATR(14)1.8
ATR(20)%2.86%
ATR Inc-35.45%
Range Today1.06
ADR(20)1.82
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.23
Mansfield-0.48
10 Day High66.11
10 Day Low59.15
20 Day High66.11
20 Day Low57.77
52 Week High83.95
52 Week Low53.56
CS1 End60.88
CR1 Start64.25
Volume & EV
DER(3)-2.18%
DER(5)-1.88%
Volume873.89K
Volume Incr-19.42%
Vol(5)1.53M
Vol(50)2.12M