The Greedy Trader Weekly Analysis
Sign In Aug 15, 2025
Skip Navigation Links
Share
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 8/8/2025 -
Sign In to see current Signals.

Incyte (INCY) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceOversold sector
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Move cursor over the icon to see details.

It was a third consecutive positive week for the Incyte (INCY). During the week, the INCY gained 2.80 points, or 3.70%, and closed at 78.39 on Friday, August 8, 2025. Weekly volume was -15% below average.

INCY 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 INCY long-term trend chart]
A long-term downtrend had started on June 28, 2021 at 88.26 and reached 50.27 on October 31, 2023. INCY lost 37.99 points, or 43.04%, in 122 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 39.98 and resistance is at 83.15. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See INCY medium-term trend chart]
A medium-term uptrend had started on October 31, 2023 at 50.27 and reached 83.95 on November 8, 2024. INCY gained -33.68 points, or -67.00%, in 53 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 54.15 and resistance is at 98.29. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See INCY weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish 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 weekly MACD line is above its signal line since May 30, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See INCY short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 53.56 and reached 79.43 on August 6, 2025. INCY gained -25.87 points, or -48.30%, in 119 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 73.08 and resistance is at 79.47. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See INCY daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish 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 bearish divergence. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since July 23, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.30
Overbought
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 87.51
Overbought Bearish
Greed/Fear Indicator (GFI) 86.03
Overbought
Moving Average Converg./Diverg. (MACD) 2.11 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.77
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 82.43
Overbought Bearish
Greed/Fear Indicator (GFI) 80.37
Overbought
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Yearly Trendline Resistance 83.15
Upper Bollinger Band 82.10
Weekly Trendline Resistance 79.47
Daily Stochastic Crossing 78.66
Price 78.39
Weekly Stochastic Crossing 77.33
Parabolic System 74.73
Weekly Trendline Support 73.08
20 Day Moving Average 72.87
50 Day Moving Average 70.12
Lower Bollinger Band 65.61
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Biotechnology 66
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Low 66.83
Low Date 07/01/2025
High 79.43
High Date 08/06/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 79.47
Support 73.08
Low 53.56
Low Date 04/09/2025
High 79.43
High Date 08/06/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 61.89
Support 43.60
High 83.95
High Date 11/08/2024
Low 53.56
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 98.29
Support 54.15
Low 50.27
Low Date 10/31/2023
High 83.95
High Date 11/08/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 83.15
Support 39.98
High 88.26
High Date 06/28/2021
Low 50.27
Low Date 10/31/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.