Incyte (INCY) Technical Analysis

The technical analysis for Incyte Corp (INCY) involves the use of various technical indicators to analyze the stock's price movements and predict future trends. Some of the key technical indicators used for INCY include the Relative Strength Index (RSI), Average Directional Index (ADX), Moving Average Convergence Divergence (MACD), Rate of Change (ROC), Stochastic Relative Strength Index (STOCHRSI), and Williams %R (WILLR). These indicators help traders and investors make informed decisions about buying or selling INCY stock based on its price and volume patterns.

The RSI is a momentum oscillator that measures the speed and change of price movements. By tracking the RSI, traders can identify overbought and oversold conditions and potential trend reversals. The ADX is a trend strength indicator that helps traders determine the strength of a stock's trend. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a stock's price. The ROC measures the percentage change in a stock's price over a specified period, indicating its momentum. The STOCHRSI is an oscillator that combines the Stochastic Oscillator and the RSI, providing unique insights into price momentum. Lastly, the WILLR indicator helps identify overbought and oversold levels by analyzing the stock's closing price relative to its high-low range. Overall, these technical indicators enable traders to analyze INCY stock's price patterns and make informed trading decisions.