The Greedy Trader Weekly Analysis
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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.

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- 6/20/2025 -
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Incyte (INCY) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overbought
Daily :Daily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARBullish Doji Candlestick
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It was a first positive week for the Incyte (INCY). During the week, the INCY gained 0.71 points, or 1.05%, and closed at 68.46 on Friday, June 20, 2025. Weekly volume was 16% above average.

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 40.77 and resistance is at 83.32. 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 Right-Angled, Ascending Wedge chart pattern. The trend support level is at 50.54 and resistance is at 95.66. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See INCY weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 above its signal line since May 30, 2025. This is an indication that the medium-term trend is up. 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 71.29 on June 16, 2025. INCY gained -17.73 points, or -33.10%, in 68 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 64.90 and resistance is at 71.58. 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 technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish 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.

Candlestick pattern: [See INCY candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.30
Williams' Percentage Range (W%R) 36.20
Lane's Stochastic (%D-Slow) 46.84
Greed/Fear Indicator (GFI) 57.30
Moving Average Converg./Diverg. (MACD) 1.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.95
Williams' Percentage Range (W%R) 36.30
Lane's Stochastic (%D-Slow) 86.35
Overbought
Greed/Fear Indicator (GFI) 68.49
Moving Average Converg./Diverg. (MACD) -1.26
Trading Signals
Description Value Chart
Weekly Trendline Resistance 71.58
Upper Bollinger Band 71.23
Weekly Stochastic Crossing 69.57
Daily Stochastic Crossing 69.30
Price 68.46
Parabolic System 67.72
20 Day Moving Average 67.43
Monthly Trendline Resistance 65.86
Weekly Trendline Support 64.90
Lower Bollinger Band 63.25
50 Day Moving Average 63.07
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Biotechnology 37
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 71.29
High Date 06/16/2025
Low 67.87
Low Date 06/20/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 71.58
Support 64.90
Low 53.56
Low Date 04/09/2025
High 71.29
High Date 06/16/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 65.86
Support 47.59
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 Right-Angled, Ascending Wedge
Status Valid
Resistance 95.66
Support 50.54
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 83.32
Support 40.77
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.