INCYTE CORP (INCY) Technical Analysis
NASDAQ:INCY • US45337C1027
Current stock price
INCY Technical Rating and Analysis
Overall INCY gets a technical rating of 5 out of 10. Although INCY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that INCY is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by INCY over the past year are nicely spread over this period.
- INCY has an average volume of 1770090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- INCY is an average performer in the Biotechnology industry, it outperforms 59% of 517 stocks in the same industry.
- INCY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INCY is lagging the market slightly.
- In the last month INCY has a been trading in the 89.25 - 97.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
INCY Weekly and Daily overview Charts
INCY Setup Rating and Analysis
INCY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 93.10, a Stop Loss order could be placed below this zone.
More info and screens
INCY Support and Resistance Analysis
56.76
We found 2 important support areas.
- A support zone ranging from 90.30 to 93.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.33 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 108.26 to 110.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
INCY Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for INCY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INCY is neutral. |
| ChartMill Relative Strength | 80.55 | POSITIVE | INCY has a high relative strength, it outperformed 80.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INCY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INCY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INCY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.65 | NEUTRAL | The RSI value for INCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests INCY has a positive trend. |
| Stochastics (14,3) | 88.12 | OVERBOUGHT | The high Stochastics value suggests INCY may be overbought. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for INCY suggests some volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for INCY suggests a possible start of a new trend. |
INCY Chart- and CandleStick Pattern Analysis
INCY Technicals: Chart, Performance Metrics, Trend & Indicators
95.93
+1.63 (+1.73%)
INCYTE CORP / INCY TA FAQ
What is the technical rating for INCY stock?
ChartMill assigns a technical rating of 5 / 10 to INCY.
What is the current trend direction of INCYTE CORP (INCY) stock?
The current trend direction for INCYTE CORP (INCY) is Bearish.
Can you provide the RSI signal for INCYTE CORP?
INCYTE CORP (INCY) has an RSI value of 53.6501. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for INCYTE CORP?
INCYTE CORP (INCY) has a support level at 93.1 and a resistance level at 108.26. Check the full technical report for our detailed analysis of INCY support and resistance levels.