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Uptrend ExhaustionArchive
- 1/17/2025 -
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Incyte (INCY) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :  
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| | It was a fifth consecutive positive week for the Incyte (INCY). During the week, the INCY gained 1.59 points, or 2.25%, and closed at 72.13 on Friday, January 17, 2025. It was the best weekly gain since November 29, 2024. Weekly volume was -47% below 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 43.21 and resistance is at 83.83. 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 50.47 and resistance is at 87.52. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since December 13, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See INCY short-term trend chart]
A short-term downtrend had started on November 8, 2024 at 83.95 and reached 65.02 on November 19, 2024. INCY lost 18.93 points, or 22.55%, in 11 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (67.45) 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 short-term trend.
Daily Technical Indicators: [See INCY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 31, 2024. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (71.46) comes close to the price (72.13). It indicates that the trend is getting weaker. 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 moved above 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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