Ikonics Corporation (IKNX) Technical Analysis
NASDAQ:IKNX
Current stock price
IKNX Technical Rating and Analysis
Taking everything into account, IKNX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IKNX is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that IKNX is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by IKNX over the past year are nicely spread over this period.
- IKNX is one of the better performing stocks in the Chemicals industry, it outperforms 100% of 83 stocks in the same industry.
- IKNX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IKNX is performing more or less in line with the market.
- In the last month IKNX has a been trading in the 26.13 - 43.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IKNX Weekly and Daily overview Charts
IKNX Setup Rating and Analysis
Besides having an excellent technical rating, IKNX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
IKNX Support and Resistance Analysis
25.83
When analyzing the support we can see 3 important areas.
- Support @29.80 from a trend line in the daily time frame.
- A support zone ranging from 28.85 to 28.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @34.60 from a horizontal line in the daily time frame.
IKNX 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 | UP | POSITIVE | The long term trend for IKNX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IKNX is neutral. |
| ChartMill Relative Strength | 99.65 | POSITIVE | IKNX has a high relative strength, it outperformed 99.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IKNX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IKNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IKNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.19 | NEUTRAL | The RSI value for IKNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests IKNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.27 | NEUTRAL | The Stochastics value for IKNX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.67 | HIGH VOLATILITY | The high ATR as a percentage value for IKNX suggests high volalility. |
IKNX Chart- and CandleStick Pattern Analysis
IKNX Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:IKNX (12/13/2021, 8:39:49 PM)
33.9
-0.1 (-0.29%)
Ikonics Corporation / IKNX TA FAQ
What is the ChartMill technical rating of Ikonics Corporation (IKNX) stock?
ChartMill assigns a technical rating of 9 / 10 to IKNX.
What is the trend direction for IKNX stock?
The current trend direction for Ikonics Corporation (IKNX) is Bullish.
What is the RSI signal for Ikonics Corporation (IKNX) stock?
Ikonics Corporation (IKNX) has an RSI value of 50.1869. This indicates that the stock is currently neutral.
What are the support and resistance levels for Ikonics Corporation (IKNX) stock?
Ikonics Corporation (IKNX) has a support level at 29.8 and a resistance level at 34.6. Check the full technical report for our detailed analysis of IKNX support and resistance levels.