INCY closes higher for the 4th day in a row


Incyte (INCY) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

INCY closes higher for the 4th day in a row
INCY rises to highest close since August 2nd
INCY closes within previous day's range

Overview

Moving higher for the 4th day in a row, INCY ended the week 2.22% higher at 64.44 after edging higher $0.06 (0.09%) today on low volume. Today's closing price of 64.44 marks the highest close since August 2nd. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range.

Daily Candlestick Chart (INCY as at Aug 10, 2018):

Daily technical analysis candlestick chart for Incyte (INCY) as at Aug 10, 2018

Friday's trading range was $1.58 (2.47%), that's slightly below last trading month's daily average range of $1.77. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 63.51.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Selling might speed up should prices move below the close-by swing low at 62.62 where further sell stops could get activated.


Market Conditions for INCY as at Aug 10, 2018

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