INTL FLAVORS & FRAGRANCES (NYSE:IFF) Reveals Intriguing Technical Aspects. Here's What You Need to Know.

Our stock screener has flagged INTL FLAVORS & FRAGRANCES (NYSE:IFF) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:IFF for potential movement.

Technical Analysis Observations

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Taking everything into account, IFF scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, IFF is a bad performer.

• The long and short term trends are both positive. This is looking good!
• In the last month IFF has a been trading in the 80.79 - 86.72 range, which is quite wide. It is currently trading near the high of this range.
• IFF is part of the Chemicals industry. There are 84 other stocks in this industry, IFF did better than 42% of them.
• IFF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IFF is lagging the market.

Our latest full technical report of IFF contains the most current technical analsysis.

Why is NYSE:IFF a setup?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:IFF is 9:

Besides having an excellent technical rating, IFF also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 86.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 85.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IFF in the last couple of days, which is a good sign.

How can NYSE:IFF be traded?

To potentially initiate a trade, it is common practice to wait for the stock to break out of the consolidation zone. This breakout signifies a potential upward movement, and traders may enter the stock at that point. Conversely, if the stock falls back below the consolidation zone, it may be sold at a loss.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

More breakout setups can be found in our Breakout screener.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.