ICLR closes within prior day's range
ICON plc (ICLR) Technical Analysis Report for Feb 14, 2020 | by Techniquant Editorial Team
ICLR finished the week 3.77% higher at 175.28 after flat today, slightly underperforming the S&P 500 (0.18%) ahead of tomorrow's Presidents' Day market holiday. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (ICLR as at Feb 14, 2020):
Friday's trading range has been $3.11 (1.77%), that's slightly above the last trading month's daily average range of $2.78. Weekly volatility is also higher, being slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently slightly lower than usual for ICLR.
Prices are trading close to the key technical resistance level at 176.08 (R1).
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 176.98, upside momentum could speed up should the share be able to break out to new highs for the year.