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- 4/19/2024 -
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IDEXX Laboratories (IDXX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the IDEXX Laboratories (IDXX). During the week, the IDXX dropped -21.44 points, or -4.31%, and closed at 476.35 on Friday, April 19, 2024. Weekly volume was 15% above average.
 Long-term trend: [See IDXX long-term trend chart]
A long-term downtrend had started on July 29, 2021 at 706.95 and reached 317.06 on October 13, 2022. IDXX lost 389.89 points, or 55.15%, in 63 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 396.86 and resistance is at 512.51. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See IDXX medium-term trend chart]
A medium-term downtrend had started on March 1, 2024 at 583.39 and reached 471.42 on April 19, 2024. IDXX lost 111.97 points, or 19.19%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (484.64) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See IDXX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See IDXX short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 543.33 and reached 471.42 on April 19, 2024. IDXX lost 71.91 points, or 13.24%, in 22 days. The price is now at the 6.86% retracement level.
 Daily Technical Indicators: [See IDXX daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since March 4, 2024. This is an indication that the short-term trend is down.
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