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.
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
25.83
We found 3 important support 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.
When analyzing the resistance we notice one important area.
- Resistance @34.60 from a horizontal line in the daily 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 | 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. |
NASDAQ:IKNX (12/13/2021, 8:39:49 PM)
33.9
-0.1 (-0.29%)
Ikonics Corporation / IKNX 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 current trend direction of Ikonics Corporation (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.
Can you provide the MACD signal for Ikonics Corporation?
The MACD indicator for Ikonics Corporation (IKNX) has a value of -0.463157, indicating a bearish trend.
What is the short term momentum for IKNX stock?
The short term momentum for Ikonics Corporation (IKNX) is neutral.