INCY looks good!INCY
Very tight at the bottom of the box, low risk entry in the demand area. High profit potential
INCY
INCY - Incyte Bullish BreakoutOn this 5 Month Daily Chart of Incyte you can clearly see the Bearish Trend that included the last 6 weeks of each daily candle trending below the 7 Day EMA until just the last 2 trading days where the bottom was made and INCY finally broke above the 7 day EMA on very good strenth with much higher volume than anthing seen during this downtrend. The RSI for the Trend Reversal is showing very good strength and the Money Flow Index has developed a Bullish Divergence to confirm this as well.
My confidence is Very High that Incyte will have a 10-15 % Gain over the next 3 weeks as it gradually moves back up to fill the Gap Down on May 2nd as shown on the Chart.
INCY Buy Opportunity "Pause Rebounders "Pause Rebounder Stock
Market Watch:
Because until equity markets begin to notice. it’s unlikely politicians will feel compelled to act. Political brinkmanship will fuel market volatility — the VIX (VIX) trades to 40 in 2023; SPX retests the 3,800 floor. The similarities to 2011 (where arguably Democrats and Republicans were more ‘reasonable’ than in 2023) are striking
The big date to watch for equities may be May 2.
“Buying healthcare, staples and portfolio convexity is the best way to handle the ‘summer heat,’ which, similar to 2011’s debt ceiling, will begin in May.” That convexity strategy for Evercore consists of option calls — right to buy an asset at a set price by a specific date — on the SPDR S&P Biotech ETF (XBI) and puts — rights to sell — on Invesco QQQ Trust Series I (QQQ).
As for those so-called “pause rebounders,” the Evercore team has screened the Russell 1000 (RUI) for healthcare, biotech and consumer staple stocks which have lagged behind their sector median performance, but have 2023 earnings per share growth above the sector median. "
One of the potential outperforming stock is like to be INCY
Technically:
Cycle Sniper H4 headed North
Clocing Above 76$ resistance will trigger the bullish price action
Target will be: 78, 82, 86 and 90 $
Good Luck'
INCY - Bearish ActionI expect INCY to show bearish traits following this post
As price moves along the bearish red trend line
This bearish action may stop along the dotted white line, this would be the better entry for INCY
Incyte Signals SELL On 5 Algorithms in 2 DaysIncyte is about to get exciting. Normally, my Precise algorithm signals a BUY or SELL by itself. Three other algorithms signaled SELL at the same time based on the closing price on 7 April and an additional algorithm signaled SELL today. Five of the algorithms signal overbought conditions, while the other signifies a continuation of downward movement. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Daily chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
Reversal Setup #stocksPotential reversal to the upside off of range lows
Reward/Risk: 3.68/1
Entry: 81.94 or at a lower price
Stop: 76.00
Target: 102.00
Options Play: April 16 85/90 Call Vertical
Model Buy Signal: 82.61 Stop: 78Looking for a reversal to complete a wave up toward 92 and 98
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
INCY: $92 need to hold for a few more daysLong condition:
1. $92, met
2. Regain strength near here - INCY needs to hold the key level for a few days.
INCYTE Corp $INCYINCY broke the resistance with great volume. After long rally, it is maybe time to pull back. Watch for RSI
INCY - Earnings BreakoutThe stock had created a descending triangle pattern but with the strength of their earnings report, it broke out of the pattern. We will have to see how it settles over the next couple of days to figure out where it is going from here.
INCY Triangle FormationINCY has been sideways for a year, but it is not showing a compression candlestick pattern to a potential Triangle Formation. Triangles tend to be continuation patterns much of the time.
INCY Overlapping CandlesIncyte Corp. has overlapping white candles on a strong move out of a short-term bottom. The overlaps are caused by pre-market open selling that gaps the stock down. The run up shows strength within the buy side.
[INCY] phase 1Despite the 30MM has negative slope, we see a 6 months support (not counting this week). If the price break the resistant, buy!
$INCY long.double bottom bullish divergence.. island reversal somewhere to the end of the year? need to open once above $80 without touching the gap between.
1W RSI was approx in 2008 as low as in May at the current year.
INCY: sold ahead of earnings, looking 4 re-entry after reassessmNot sure if the BLUE support is gonna hold this time around. Might eventually sets on ~9yr-old support (note chart is in Log scale). Monthly chart also showing massive MACD divergence. As a result, sold my position to see how is gonna play out in the ST. Also binary outcome drug data expected this year, with unknown timing. However, INCY is top pick at Credit Suisse and has bear case scenarios (considering other banks too) in the $65-70 range. But the massive MACD divergence on the monthly (although not showing up on the weekly..uhm?) + very long bull run made me reconsider the position I opened at $94.5 a couple of weeks ago, so I'll just sit aside for the time being. The thing is, where's there risk, there is opportunity: I am cognizant that by sitting aside I might be missing out on some upside here. I'll wait for a reversal of the downtrend to jump on, obv missing out on the first bit (provided it doesn't coincide with a spike up 100% any positive drug data released later in the yr).
More downside for INCYAfter a huge run, Incyte Pharmaceuticals is tired and this flag suggest more downside to come.
INCY - Short from 76.93 INCY has very high (3412) P/E ration & in the technical side INCY is forming a downward pennant in longer frame & a upward channel.
Both suggesting a decline, money-flow is showing neg-divergence & running strongly downward. We think it will decline around 60 or lower
You can check our detailed analysis on INCY in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 13:00"
Suggestion date: Aug 17th (before market)
Trade Status: Opened Aug 17th
