ICLR
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ICON plc (ICLR) closed at $99.70 as of 2026-03-20, trading 55.3% below its 200-week moving average of $222.92. This places ICLR in the extreme value zone. The stock moved further from the line this week, up from -56.0% last week. With a 14-week RSI of 23, ICLR is in oversold territory.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.49 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 1405 weeks of data, ICLR has crossed below its 200-week moving average 18 times. On average, these episodes lasted 19 weeks. Historically, investors who bought ICLR at the start of these episodes saw an average one-year return of +18.2%.
With a market cap of $7.8 billion, ICLR is a mid-cap stock. The company generates a free cash flow yield of 11.9%, which is notably high. Return on equity stands at 6.3%. The stock trades at 0.8x book value.
Over the past 27 years, a hypothetical investment of $100 in ICLR would have grown to $2532, compared to $781 for the S&P 500. That represents an annualized return of 12.7% vs 7.9% for the index — confirming ICLR as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 15% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: ICLR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ICLR Crosses Below the Line?
Across 18 historical episodes, buying ICLR when it crossed below its 200-week moving average produced an average return of +16.8% after 12 months (median +13.0%), compared to +19.7% for the S&P 500 over the same periods. 61% of those episodes were profitable after one year. After 24 months, the average return was +18.1% vs +34.1% for the index.
Each line shows $100 invested at the moment ICLR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ICLR has crossed below its 200-week MA 18 times with an average 1-year return of +18.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1999 | Jan 2001 | 90 | 52.4% | -17.4% | +2363.6% |
| Mar 2001 | Mar 2001 | 2 | 4.8% | +58.6% | +1925.7% |
| Jul 2002 | Oct 2002 | 16 | 27.9% | +37.8% | +1738.6% |
| May 2005 | Jun 2005 | 5 | 4.6% | +73.4% | +1146.2% |
| Nov 2008 | Nov 2008 | 2 | 14.9% | +19.7% | +425.3% |
| Dec 2008 | Jan 2009 | 4 | 12.2% | +8.2% | +399.5% |
| Jan 2009 | Feb 2009 | 2 | 6.2% | +17.3% | +408.4% |
| Feb 2009 | Jul 2009 | 22 | 29.9% | +14.8% | +385.9% |
| Aug 2009 | Sep 2009 | 4 | 3.6% | +4.0% | +347.1% |
| Oct 2009 | Oct 2009 | 1 | 2.6% | -5.2% | +346.5% |
| Nov 2009 | Jan 2010 | 8 | 8.1% | -10.9% | +339.0% |
| Jan 2010 | Jan 2010 | 1 | 3.5% | N/A | +333.5% |
| Feb 2010 | Mar 2010 | 3 | 2.4% | -16.0% | +323.4% |
| Jul 2010 | Jun 2012 | 100 | 38.9% | -5.4% | +322.5% |
| Sep 2022 | Oct 2022 | 5 | 10.2% | +31.2% | -47.8% |
| Dec 2022 | Jan 2023 | 4 | 5.0% | +39.9% | -48.8% |
| Apr 2023 | May 2023 | 5 | 7.1% | +60.0% | -48.3% |
| Oct 2024 | Ongoing | 74+ | 58.8% | Ongoing | -54.8% |
| Average | 19 | — | +18.2% | — |
Frequently Asked Questions
Is ICLR below its 200-week moving average?
Yes. As of 2026-03-20, ICON plc (ICLR) is trading 55.3% below its 200-week moving average of $222.92. The current price is $99.70.
What is ICLR's 200-week moving average price?
ICON plc's 200-week moving average is $222.92 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when ICLR drops below its 200-week moving average?
ICLR has crossed below its 200-week moving average 18 times in our data. On average, buying at that moment produced a one-year return of +18.2%. These dips have historically been decent entry points. These episodes lasted 19 weeks on average.
Is ICLR a good value right now?
Here's what our data says about ICLR as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 23 (oversold). Free cash flow yield is 11.9%. Return on equity is 6.3%. Price-to-book is 0.8x. This is not a buy or sell recommendation — always do your own research.
How does ICLR compare to the S&P 500?
Over the past 27 years, $100 invested in ICLR would have grown to $2532, compared to $781 for the S&P 500. That's 12.7% annualized vs 7.9% for the index. ICLR has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20