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Advanced TA SearchArchive
- 4/26/2024 -
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IDEXX Laboratories (IDXX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the IDEXX Laboratories (IDXX). During the week, the IDXX gained 22.95 points, or 4.82%, and closed at 499.30 on Friday, April 26, 2024. It was the best weekly gain since February 9, 2024. Weekly volume was 6% above average.
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 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 trend support level is at 397.91 and resistance is at 511.09. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 471.42 on April 19, 2024. IDXX lost 111.97 points, or 19.19%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (501.16). 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 medium-term trend.
 Weekly Technical Indicators: [See IDXX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.
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 relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See IDXX short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 471.42 and reached 500.48 on April 26, 2024. IDXX gained -29.06 points, or -6.16%, in 7 days. Price is near the trend high.
 Daily Technical Indicators: [See IDXX daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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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