When the Price of (INCY) Talks, People Listen
February 21, 2024, 06:56 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INCY
- Buy INCY slightly over 55.49 target 61.25 stop loss @ 55.33 Details
The technical summary data tells us to buy INCY near 55.49 with an upside target of 61.25. This data also tells us to set a stop loss @ 55.33 to protect against excessive loss in case the stock begins to move against the trade. 55.49 is the first level of support below 58.52 , and by rule, any test of support is a buy signal. In this case, support 55.49 is being tested, a buy signal would exist.
- Short INCY slightly under 61.25, target 55.49, stop loss @ 61.43 Details
The technical summary data is suggesting a short of INCY as it gets near 61.25 with a downside target of 55.49. We should have a stop loss in place at 61.43though. 61.25 is the first level of resistance above 58.52, and by rule, any test of resistance is a short signal. In this case, if resistance 61.25 is being tested, a short signal would exist.
Swing Trading Plans for INCY
- Buy INCY slightly over 59.68, target 61.25, Stop Loss @ 59.51 Details
If 59.68 begins to break higher, the technical summary data tells us to buy INCY just slightly over 59.68, with an upside target of 61.25. The data also tells us to set a stop loss @ 59.51 in case the stock turns against the trade. 59.68 is the first level of resistance above 58.52, and by rule, any break above resistance is a buy signal. In this case, 59.68, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short INCY slightly near 59.68, target 57.68, Stop Loss @ 59.85. Details
The technical summary data is suggesting a short of INCY if it tests 59.68 with a downside target of 57.68. We should have a stop loss in place at 59.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 59.68, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for INCY
- Buy INCY slightly over 58.95, target 59.68, Stop Loss @ 58.81 Details
If 58.95 begins to break higher, the technical summary data tells us to buy INCY just slightly over 58.95, with an upside target of 59.68. The data also tells us to set a stop loss @ 58.81 in case the stock turns against the trade. 58.95 is the first level of resistance above 58.52, and by rule, any break above resistance is a buy signal. In this case, 58.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short INCY slightly near 58.95, target 57.97, Stop Loss @ 59.09. Details
The technical summary data is suggesting a short of INCY if it tests 58.95 with a downside target of 57.97. We should have a stop loss in place at 59.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 58.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Incyte Corporation (INCY) available here: INCY.
INCY Ratings for February 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
49.93 |
| P2 |
57.97 |
57.68 |
55.49 |
| P3 |
58.95 |
59.68 |
61.25 |
AI Generated Signals for INCY
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Incyte Corporation (NASDAQ: INCY) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for INCY can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for INCY:
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