We assign a technical rating of 5 out of 10 to ICLR. ICLR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, ICLR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 180.25, a Stop Loss order could be placed below this zone.
More info and screens
153.87
4 important support areas can be observed.
- A support zone ranging from 176.41 to 180.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @166.93 from a trend line in the weekly time frame.
- A support zone ranging from 159.13 to 161.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 155.42 to 156.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 185.33 to 186.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 193.90 to 195.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ICLR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICLR is up. |
| ChartMill Relative Strength | 32.16 | NEUTRAL | ICLR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICLR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ICLR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ICLR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.05 | NEUTRAL | The RSI value for ICLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests ICLR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.92 | NEUTRAL | The Stochastics value for ICLR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ICLR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.98 | NEGATIVE | The low ADX value for ICLR suggests a weak or negative trend. |
182.45
-1.92 (-1.04%)
ICON PLC / ICLR FAQ
Can you provide the ChartMill technical rating for ICON PLC?
ChartMill assigns a technical rating of 5 / 10 to ICLR.
What is the current trend direction of ICON PLC (ICLR) stock?
The current trend direction for ICON PLC (ICLR) is Bullish.
Can you provide the RSI signal for ICON PLC?
ICON PLC (ICLR) has an RSI value of 56.0545. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ICON PLC?
The MACD indicator for ICON PLC (ICLR) has a value of 0.526188, indicating a bearish trend.
Can you provide the short term momentum for ICON PLC?
The short term momentum for ICON PLC (ICLR) is positive.