ICON Plc Stock Technical Analysis


USD 220.63  3.14  1.44%   

As of the 26th of June, ICON Plc retains the market risk adjusted performance of (0.08). ICON Plc technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for ICON Plc, which can be compared to its competitors. Please check out ICON Plc standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if ICON Plc is priced fairly, providing market reflects its last-minute price of 220.63 per share. Given that ICON Plc has jensen alpha of 0.0737, we strongly advise you to confirm ICON Plc's regular market performance to make sure the company can sustain itself in the future.

ICON Plc Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ICON Plc, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ICON Plc
ICON Plc's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

ICON Plc Analyst Consensus

Target PriceAdvice# of Analysts
ICON Plc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most ICON Plc analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand ICON Plc stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of ICON Plc, talking to its executives and customers, or listening to ICON Plc conference calls.
ICON Plc Analyst Advice Details
ICON Plc technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of ICON Plc technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ICON Plc trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

ICON Plc Technical Analysis

Time Period
Execute Indicator
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ICON Plc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

ICON Plc Trend Analysis

Use this graph to draw trend lines for ICON Plc. You can use it to identify possible trend reversals for ICON Plc as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ICON Plc price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

ICON Plc Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ICON Plc applied against its price change over selected period. The best fit line has a slop of   -0.66  , which may suggest that ICON Plc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 16625.93, which is the sum of squared deviations for the predicted ICON Plc price change compared to its average price change.

About ICON Plc Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ICON Plc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ICON Plc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ICON Plc stock first instead of the macroeconomic environment surrounding ICON Plc. By analyzing ICON Plc's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ICON Plc's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ICON Plc specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2021 2022 (projected)
Book Value per Share30.04120.2129.69
Asset Turnover1.020.520.66

ICON Plc June 26, 2022 Technical Indicators

Most technical analysis of ICON Plc help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ICON Plc from various momentum indicators to cycle indicators. When you analyze ICON Plc charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Please see Risk vs Return Analysis. Note that the ICON Plc information on this page should be used as a complementary analysis to other ICON Plc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for ICON Plc Stock analysis

When running ICON Plc price analysis, check to measure ICON Plc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICON Plc is operating at the current time. Most of ICON Plc's value examination focuses on studying past and present price action to predict the probability of ICON Plc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ICON Plc's price. Additionally, you may evaluate how the addition of ICON Plc to your portfolios can decrease your overall portfolio volatility.
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Is ICON Plc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ICON Plc. If investors know ICON Plc will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ICON Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
Market Capitalization
18 B
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of ICON Plc is measured differently than its book value, which is the value of ICON Plc that is recorded on the company's balance sheet. Investors also form their own opinion of ICON Plc's value that differs from its market value or its book value, called intrinsic value, which is ICON Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ICON Plc's market value can be influenced by many factors that don't directly affect ICON Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ICON Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine ICON Plc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICON Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.