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Archive
- 12/13/2024 -
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IDEXX Laboratories (IDXX) Technical Analysis
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| Summary:
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| | It was the negative week for the IDEXX Laboratories (IDXX). During the week, the IDXX gave back -3.59 points, or -0.82%, and closed at 432.10 on Friday, December 13, 2024. IDXX was trading at average weekly trading volume.
IDXX is a member of Health Care Sector. Health Care is the second most oversold sector. 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 IDXX long-term trend chart]
A long-term downtrend had started on March 1, 2024 at 583.39 and reached 398.50 on November 21, 2024. IDXX lost 184.89 points, or 31.69%, in 37 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (423.91) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See IDXX medium-term trend chart]
A medium-term downtrend had started on September 19, 2024 at 530.60 and reached 398.50 on November 21, 2024. IDXX lost 132.10 points, or 24.90%, in 9 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (392.30) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See IDXX weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.
The weekly MACD line is below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See IDXX short-term trend chart]
A short-term downtrend had started on December 9, 2024 at 453.26 and reached 430.50 on December 13, 2024. IDXX lost 22.76 points, or 5.02%, in 4 days. The price is now at the 7.03% retracement level.
Daily Technical Indicators: [See IDXX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since November 8, 2024.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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