|
|
Archive
- 4/26/2024 -
Sign In to see current Signals. |
Incyte (INCY) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Incyte (INCY). During the week, the INCY dropped -0.67 points, or -1.28%, and closed at 51.68 on Friday, April 26, 2024. INCY was trading at average weekly trading volume.
INCY is a member of Health Care Sector. Health Care is the second most oversold sector. INCY is a member of Biotechnology Industry. Biotechnology is the seventh most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See INCY long-term trend chart]
A long-term downtrend had started on June 28, 2021 at 88.26 and reached 50.27 on October 31, 2023. INCY lost 37.99 points, or 43.04%, in 122 weeks. The chart has formed a Rising Wedge chart pattern. The downtrend support line (74.69) 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 long-term trend.
 Medium-term trend: [See INCY medium-term trend chart]
A medium-term downtrend had started on January 4, 2024 at 67.36 and reached 50.35 on April 25, 2024. INCY lost 17.01 points, or 25.25%, in 16 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (62.75) 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 INCY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 28, 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 INCY short-term trend chart]
A short-term downtrend had started on February 23, 2024 at 61.87 and reached 50.35 on April 25, 2024. INCY lost 11.52 points, or 18.62%, in 62 days. The price is now at the 11.55% retracement level.
 Daily Technical Indicators: [See INCY daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since March 13, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (52.07) comes close to the price (51.68). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
| |
|
|