AKTX Technical Analysis - AKARI THERAPEUTICS PLC-ADR

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to AKTX. In the past year, AKTX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, AKTX is a bad performer in the overall market: 95% of all stocks are doing better.

AKTX is part of the Biotechnology industry. There are 538 other stocks in this industry, of which 77% are performing better than AKTX.

AKTX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month AKTX has a been trading in the 0.57 - 1.22 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AKARI THERAPEUTICS PLC-ADR / AKTX Weekly stock chart

AKARI THERAPEUTICS PLC-ADR / AKTX Daily stock chart

Setup Rating and Analysis

The technical rating of AKTX is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.10

1.24

When analyzing the resistance we notice one important area.

Resistance @1.23 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for AKTX is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for AKTX is neutral.
ChartMill Relative Strength	5.69	NEGATIVE	AKTX has a low relative strength, it was outperformed by 94.31% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AKTX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AKTX is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AKTX is below a declining SMA(200).
Relative Strength Index/RSI (14)	68.46	NEUTRAL	The RSI value for AKTX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests AKTX has a positive trend.
Stochastics (14,3)	62.39	NEUTRAL	The Stochastics value for AKTX is a neutral value.
Average True Range in percent/ATR (20)	8.74	HIGH VOLATILITY	The high ATR as a percentage value for AKTX suggests high volalility.
Average Directional Index/ADX (14)	25.39	POSITIVE	The high ADX value value for AKTX suggests a strong trend.