INTUIT INC (INTU) Stock Technical Analysis
NASDAQ:INTU - Nasdaq - US4612021034 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to INTU. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INTU is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
INTU is part of the Software industry. There are 284 other stocks in this industry. INTU outperforms 79% of them.
INTU is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so INTU is leading the market.
INTU 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.
INTU has an average volume of 1814760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that INTU is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, INTU 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 resistance zone just above the current price starting at 764.61. Right above this resistance zone may be a good entry point.
More info and screens
550.07
779.31
3 important support areas can be observed.
- A support zone ranging from 753.97 to 753.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 572.47 to 573.90. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @555.63 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 764.61 to 771.59. This zone is formed by a combination of multiple trend lines and important moving averages 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 INTU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INTU is up. |
| ChartMill Relative Strength | 89.13 | POSITIVE | INTU has a high relative strength, it outperformed 89.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INTU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INTU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INTU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.05 | NEUTRAL | The RSI value for INTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.95 | NEGATIVE | The MACD value suggests INTU has a negative trend. |
| Stochastics (14,3) | 80.68 | OVERBOUGHT | The high Stochastics value suggests INTU may be overbought. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for INTU suggests low volalility. |
| Average Directional Index/ADX (14) | 48.5 | POSITIVE | The high ADX value value for INTU 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 |
|---|---|---|---|
| 771.60 | 753.96 | 17.64 (2.29%) | 25.00% |
| An entry @771.60. This is a Buy Stop order right above the resistance zone. | An exit @753.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 17.64 points, which is 2.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- The distance between exit and entry is rather small compared to the average daily movement of INTU. 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.
753.98
-12.23 (-1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.6%
1 Week-2.28%
2 Weeks0.07%
1 Month14.01%
3 Month25.92%
6 Month14.86%
12 Month26.57%
2 Year64.56%
3 Year95.62%
5 Year154.56%
10 Year648.22%
15 Year2068.48%
Volatility
ATR(14)12.12
ATR(20)%1.94%
ATR Inc-34.65%
Range Today10.67
ADR(20)11.9
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.13
Mansfield1.39
10 Day High773.45
10 Day Low748.34
20 Day High773.45
20 Day Low659
52 Week High773.45
52 Week Low532.65
CS1 End753.97
CR1 Start764.61
Volume & EV
DER(3)0.14%
DER(5)-0.3%
Volume1.15M
Volume Incr-34.37%
Vol(5)1.30M
Vol(50)1.81M