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Advanced TA SearchArchive
- 4/5/2024 -
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Incyte (INCY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Incyte (INCY). During the week, the INCY dropped -1.73 points, or -3.04%, and closed at 55.24 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -6% below average.
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 (74.39) 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 54.26 on April 5, 2024. INCY lost 13.10 points, or 19.45%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (60.90) 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 is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 54.26 on April 5, 2024. INCY lost 7.61 points, or 12.30%, in 42 days. The price is now at the 12.88% retracement level.
 Daily Technical Indicators: [See INCY daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic 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, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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