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Archive
- 4/5/2024 -
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IDEXX Laboratories (IDXX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the IDEXX Laboratories (IDXX). During the week, the IDXX dropped -20.39 points, or -3.78%, and closed at 519.54 on Friday, April 5, 2024. Weekly volume was -20% below average.
 Long-term trend: [See IDXX long-term trend chart]
A long-term downtrend had started on July 29, 2021 at 706.95 and reached 317.06 on October 13, 2022. IDXX lost 389.89 points, or 55.15%, in 63 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (515.35). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.
 Medium-term trend: [See IDXX medium-term trend chart]
A medium-term downtrend had started on March 1, 2024 at 583.39 and reached 516.81 on April 4, 2024. IDXX lost 66.58 points, or 11.41%, in 4 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See IDXX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 28, 2024 at 543.33 and reached 516.81 on April 4, 2024. IDXX lost 26.52 points, or 4.88%, in 7 days. The price is now at the 10.29% retracement level.
 Daily Technical Indicators: [See IDXX daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 4, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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.
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