NYSE:IFF Shows Potential for a Breakout.

INTL FLAVORS & FRAGRANCES (NYSE:IFF) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NYSE:IFF.

Technical analysis of NYSE:IFF

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall IFF gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IFF is showing a nice and steady performance.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• IFF is part of the Chemicals industry. There are 83 other stocks in this industry. IFF outperforms 82% of them.
• IFF is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month IFF has a been trading in the 92.72 - 99.56 range, which is quite wide. It is currently trading near the high of this range.
• Looking at the yearly performance, IFF did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Check the latest full technical report of IFF for a complete technical analysis.

How does the Setup look for NYSE:IFF

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:IFF currently has a 9 as setup rating:

Besides having an excellent technical rating, IFF also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 99.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 97.27, 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.

Trading setups like NYSE:IFF

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

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.

Keep in mind

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.