The Greedy Trader Weekly Analysis
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- 4/17/2025 -
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Incyte (INCY) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Daily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a first positive week after 6 consecutive negative weeks for the Incyte (INCY). During the week, the INCY gained 1.34 points, or 2.36%, and closed at 58.21 on Thursday, April 17, 2025. It was the best weekly gain since February 21, 2025. Weekly volume was -33% below average.

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 Broadening Descending Wedge chart pattern. The trend support level is at 41.77 and resistance is at 83.53. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See INCY medium-term trend chart]
A medium-term uptrend had started on October 31, 2023 at 50.27 and reached 83.95 on November 8, 2024. INCY gained -33.68 points, or -67.00%, in 53 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 50.51 and resistance is at 92.32. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See INCY 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. 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 December 13, 2024. The distance between MACD and the signal line is near its high and getting bigger. 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 25, 2025 at 76.24 and reached 53.56 on April 9, 2025. INCY lost 22.68 points, or 29.75%, in 43 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See INCY daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.73
Williams' Percentage Range (W%R) 55.50
Lane's Stochastic (%D-Slow) 47.80
Greed/Fear Indicator (GFI) 45.33
Moving Average Converg./Diverg. (MACD) -2.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.07
Williams' Percentage Range (W%R) 81.00
Oversold
Lane's Stochastic (%D-Slow) 15.72
Oversold
Greed/Fear Indicator (GFI) 24.59
Moving Average Converg./Diverg. (MACD) 0.20
Trading Signals
Description Value Chart
Monthly Trendline Support 65.99
50 Day Moving Average 65.61
Upper Bollinger Band 64.44
20 Day Moving Average 59.90
Parabolic System 59.37
Price 58.21
Daily Stochastic Crossing 57.63
Weekly Stochastic Crossing 57.25
Lower Bollinger Band 56.15
Quarterly Trendline Support 50.51
Sector and Industry
Description Name Rank
Sector Health Care 7
Industry Biotechnology 61
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 76.24
High Date 02/25/2025
Low 53.56
Low Date 04/09/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.96
High Date 02/07/2025
Low 53.56
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 71.89
Support 65.99
High 83.95
High Date 11/08/2024
Low 53.56
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 92.32
Support 50.51
Low 50.27
Low Date 10/31/2023
High 83.95
High Date 11/08/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 83.53
Support 41.77
High 88.26
High Date 06/28/2021
Low 50.27
Low Date 10/31/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.