Incyte Corporation (NASDAQ:INCY): About To Explode? (2020-01-06)

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REPORTING FOR 2020-01-06 | WCX19.ORG: We have done an in-depth analysis of how INCY has been trading over the last 2 weeks and the past day especially. On its latest session, Incyte Corporation (NASDAQ:INCY) opened at 76.15, reaching a high of 78.1 and a low of 75.1573 before closing at a price of 77.9. There was a total volume of 5529476.

VOLUME INDICATORS FOR INCYTE CORPORATION (NASDAQ:INCY): We saw an accumulation-distribution index of 494.60588, an on-balance volume of 85.97, chaikin money flow of 2.01815 and a force index of 111.286. There was an ease of movement rating of -0.12718, a volume-price trend of -6.73805 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR INCYTE CORPORATION (NASDAQ:INCY): We noted an average true range of 1.41598, bolinger bands of 94.68745, an upper bollinger band of 65.82985, lower bollinger band of 75.1573, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 76.4691, high band keltner channel of 74.5191, low band keltner channel of 78.4191, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 75.1573, a donchian channel low band of 75.1573, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR INCYTE CORPORATION (NASDAQ:INCY): We calculated a Moving Average Convergence Divergence (MACD) of 0.22891, a MACD signal of 0.12717, a MACD difference of 0.10174, a fast Exponential Moving Average (EMA) indicator of 75.1573, a slow Exponential Moving Average (EMA) indicator of 75.1573, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.17449, a trix of -9.39945, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 7.14678, a KST Oscillator (KST) of -86.83382 and a KST Oscillator (KST Signal) of -86.83382 (leaving a KST difference of 30.99087). We also found an Ichimoku rating of 77.125, an Ichimoku B rating of 77.125, a Ichimoku visual trend A of 83.86144, an Ichimoku visual trend B of 84.65805, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR INCYTE CORPORATION (NASDAQ:INCY): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 55.59343, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -69.99634, a stochastic oscillator of 150.90769, a stochastic oscillator signal of 150.90769, a Williams %R rating of 50.90769 and an awesome oscillator of 1.96123.

RETURNS FOR INCYTE CORPORATION (NASDAQ:INCY): There was a daily return of -8.68338, a daily log return of 12.72944 and a cumulative return of 13.57513.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Incyte Corporation (NASDAQ:INCY)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Incyte Corporation (NASDAQ:INCY) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.