IKENA ONCOLOGY INC (IKNA) Stock Technical Analysis
NASDAQ:IKNA - Nasdaq - US45175G1085 - Common Stock - Currency: USD
Overall IKNA gets a technical rating of 4 out of 10. IKNA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month IKNA has a been trading in the 1.31 - 1.46 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, IKNA outperforms 41% of them, which is more or less in line with the market.
IKNA is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, IKNA did better than 55% of them.
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.
Although the technical rating is only medium, IKNA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.37, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IKNA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.29
1.79
2 important support areas can be observed.
- A support zone ranging from 1.35 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.30 to 1.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.42 to 1.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.47 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for IKNA is neutral. |
| ChartMill Relative Strength | 41.52 | NEUTRAL | IKNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IKNA is above a declining 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) | 55.1 | NEUTRAL | The RSI value for IKNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IKNA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.12 | NEUTRAL | The Stochastics value for IKNA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for IKNA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.48 | 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)
1.37
-0.01 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.72%
1 Week1.48%
2 Weeks0.74%
1 Month0%
3 Month23.42%
6 Month-8.67%
12 Month-17.47%
2 Year-73.4%
3 Year-72.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.79%
ATR Inc61.39%
Range Today0.1
ADR(20)0.05
ADR(20)%3.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.52
Mansfield-1.5
10 Day High1.43
10 Day Low1.31
20 Day High1.46
20 Day Low1.31
52 Week High1.94
52 Week Low0.97
CS1 End1.37
CR1 Start1.42
Volume & EV
DER(3)5%
DER(5)7.15%
Volume905.49K
Volume Incr56.37%
Vol(5)98.82K
Vol(50)90.92K