IKENA ONCOLOGY INC (IKNA) Stock Technical Analysis
USA - NASDAQ:IKNA - US45175G1085 - Common Stock
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.
IKNA has an excellent technical rating, but the quality of the setup is only medium 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
We found 2 important support 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.
When analyzing the resistance we notice 2 important areas.
- 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. |
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 worst case loss on the trade is limited to 0.17 points, which is 11.64%. | For a 1.00% total portfolio risk, you can invest 8.59% of your capital in this trade. |
- 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%)
IKENA ONCOLOGY INC / IKNA FAQ
What is the ChartMill technical rating of IKENA ONCOLOGY INC (IKNA) stock?
ChartMill assigns a technical rating of 7 / 10 to IKNA.
What is the current trend direction of IKENA ONCOLOGY INC (IKNA) stock?
The current trend direction for IKENA ONCOLOGY INC (IKNA) is Bearish.
Can you provide the RSI signal for IKENA ONCOLOGY INC?
IKENA ONCOLOGY INC (IKNA) has an RSI value of 59.8342. This indicates that the stock is currently neutral.
Can you provide the short term momentum for IKENA ONCOLOGY INC?
The short term momentum for IKENA ONCOLOGY INC (IKNA) is positive.
What is the support and resistance level for IKNA stock?
IKENA ONCOLOGY INC (IKNA) has a support level at 1.34 and a resistance level at 1.44. Check the full technical report for our detailed analysis of IKNA support and resistance levels.