ICON PLC - Daily - Technical analysis published on 11/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 153.75 USD
My targets
157.30 USD (+1.39%)
161.41 USD (+4.03%)
My analysis
The bullish trend is currently very strong on ICON PLC. As long as the price remains above the support at 153.75 USD, you could try to benefit from the boom. The first bullish objective is located at 157.30 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 161.41 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ICON PLC rating is 155.15 USD. The price registered a decrease of -0.79% on the session and was traded between 154.28 USD and 156.55 USD over the period. The price is currently at +0.56% from its lowest and -0.89% from its highest.154.28
156.55
155.15
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ICON PLC:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ICON PLC in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 139.49 | 146.92 | 153.75 | 155.15 | 157.30 | 161.41 |
| Change (%) | -10.09% | -5.30% | -0.90% | - | +1.39% | +4.03% |
| Change | -15.66 | -8.23 | -1.40 | - | +2.15 | +6.26 |
| Level | Intermediate | Major | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 151.61 | 153.00 | 154.70 | 156.09 | 157.79 | 159.18 | 160.88 |
| Camarilla | 155.54 | 155.82 | 156.11 | 156.39 | 156.67 | 156.96 | 157.24 |
| Woodie | 151.76 | 153.08 | 154.85 | 156.17 | 157.94 | 159.26 | 161.03 |
| Fibonacci | 153.00 | 154.18 | 154.91 | 156.09 | 157.27 | 158.00 | 159.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.55 | 141.33 | 147.96 | 151.74 | 158.37 | 162.15 | 168.78 |
| Camarilla | 151.73 | 152.68 | 153.64 | 154.59 | 155.54 | 156.50 | 157.45 |
| Woodie | 138.98 | 142.04 | 149.39 | 152.45 | 159.80 | 162.86 | 170.21 |
| Fibonacci | 141.33 | 145.31 | 147.76 | 151.74 | 155.72 | 158.17 | 162.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.55 | 132.69 | 139.79 | 145.93 | 153.03 | 159.17 | 166.27 |
| Camarilla | 143.26 | 144.47 | 145.69 | 146.90 | 148.11 | 149.33 | 150.54 |
| Woodie | 127.04 | 132.93 | 140.28 | 146.17 | 153.52 | 159.41 | 166.76 |
| Fibonacci | 132.69 | 137.74 | 140.87 | 145.93 | 150.98 | 154.11 | 159.17 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.23 | |
| MACD (12,26,9): | 2.2200 | |
| Directional Movement: | 12.33 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 153.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 146.46 | |
| Elder Ray (13): | 3.38 | |
| Super Trend (3,10): | 146.80 | |
| Zig ZAG (10): | 155.15 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 90.89 | |
| TEMA (21): | 155.41 | |
| Williams %R (14): | -17.06 | |
| Chande Momentum Oscillator (20): | 5.62 | |
| Repulse (5,40,3): | 0.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 6.32 |
| MA7: | 154.04 | |
| MA20: | 150.54 | |
| MA50: | 148.04 | |
| MA100: | 151.08 | |
| MAexp7: | 153.83 | |
| MAexp20: | 150.73 | |
| MAexp50: | 149.34 | |
| MAexp100: | 148.61 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +3.06% | |
| Price / MA50: | +4.80% | |
| Price / MA100: | +2.69% | |
| Price / MAexp7: | +0.86% | |
| Price / MAexp20: | +2.93% | |
| Price / MAexp50: | +3.89% | |
| Price / MAexp100: | +4.40% |
News
The last news published on ICON PLC at the time of the generation of this analysis was as follows:
- ICON plc to Present at Baird's 2019 Global Healthcare Conference
- ICON Shareholders Vote in Favour of All Resolutions at its Annual General Meeting
- ICON Reports Fourth Quarter and Full Year 2018 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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