INTU Technical Analysis - INTUIT INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to INTU. INTU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, INTU is a bad performer in the overall market: 72% of all stocks are doing better.

INTU has an average volume of 2098880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

INTU is part of the Software industry. There are 285 other stocks in this industry, INTU did better than 51% of them.

INTU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INTU is lagging the market.

In the last month INTU has a been trading in the 641.23 - 703.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of INTU is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

568.16

724.38

When analyzing the support we can see 2 important areas.

A support zone ranging from 641.78 to 659.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @573.90 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 698.27 to 702.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @717.21 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for INTU is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for INTU is down.
ChartMill Relative Strength	28.07	NEGATIVE	INTU has a low relative strength, it was outperformed by 71.93% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of INTU is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of INTU is below a declining 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)	47.69	NEUTRAL	The RSI value for INTU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests INTU has a positive trend.
Stochastics (14,3)	30.74	NEUTRAL	The Stochastics value for INTU is a neutral value.
Average True Range in percent/ATR (20)	2.07	MEDIUM VOLATILITY	The ATR as a percentage value for INTU suggests some volalility.
Average Directional Index/ADX (14)	26.04	POSITIVE	The high ADX value value for INTU suggests a strong trend.