IKENA ONCOLOGY INC (IKNA) Stock Technical Analysis
NASDAQ:IKNA - US45175G1085 - Common Stock
1.43 USD
+0.06 (+4.38%)
1.46 USD
+0.03 (+2.1%)
Overall IKNA gets a technical rating of 7 out of 10. In the last year, IKNA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month IKNA has a been trading in the 1.20 - 1.48 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.
When compared to the yearly performance of all other stocks, IKNA outperforms 47% of them, which is more or less in line with the market.
IKNA is an average performer in the Pharmaceuticals industry, it outperforms 55% of 195 stocks in the same industry.
IKNA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IKNA is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IKNA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.23
1.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.30 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.24 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.44 to 1.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.77 from a horizontal line in the weekly time frame.
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 IKNA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IKNA is up. |
| ChartMill Relative Strength | 47.83 | NEUTRAL | IKNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IKNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IKNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IKNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.83 | NEUTRAL | The RSI value for IKNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IKNA has a positive trend. |
| Stochastics (14,3) | 70.63 | NEUTRAL | The Stochastics value for IKNA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for IKNA suggests high volalility. |
| Average Directional Index/ADX (14) | 26.02 | POSITIVE | The high ADX value value for IKNA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.46 | 1.29 | 0.17 (11.64%) | 8.59% |
| An entry @1.46. This is a Buy Stop order right above the resistance zone. | An exit @1.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.17 points, which is 11.64%. | When investing 8.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.43
+0.06 (+4.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg4.38%
1 Week12.6%
2 Weeks3.62%
1 Month6.72%
3 Month20.17%
6 Month-4.67%
12 Month-15.88%
2 Year-72.23%
3 Year-71.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%5.19%
ATR Inc28.87%
Range Today0.12
ADR(20)0.07
ADR(20)%4.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.83
Mansfield-1.23
10 Day High1.48
10 Day Low1.2
20 Day High1.48
20 Day Low1.2
52 Week High1.94
52 Week Low0.97
CS1 End1.34
CR1 Start1.44
Volume & EV
DER(3)4.17%
DER(5)4.84%
Volume457.20K
Volume Incr145.81%
Vol(5)680.40K
Vol(50)229.82K