Ikonics Corporation (IKNX) Stock Technical Analysis
NASDAQ:IKNX - Nasdaq - Common Stock
Overall IKNX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, IKNX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, IKNX did better than 99% of all other stocks. On top of that, IKNX also shows a nice and consistent pattern of rising prices.
IKNX is one of the better performing stocks in the Chemicals industry, it outperforms 100% of 85 stocks in the same industry.
IKNX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IKNX is lagging the market slightly.
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.
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
34.95
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. |
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)
NASDAQ:IKNX (12/13/2021, 8:39:49 PM)
33.9
-0.1 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.29%
1 Week9.21%
2 Weeks-8.63%
1 Month1.71%
3 Month24.86%
6 Month225.02%
12 Month428.04%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.69
ATR(20)%11.67%
ATR Inc-16.26%
Range Today3.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.65
Mansfield6.68
10 Day High37.05
10 Day Low26.13
20 Day High43.98
20 Day Low26.13
52 Week High43.98
52 Week Low6.31
CS1 End29.8
CR1 Start34.6
Volume & EV
DER(3)-6.25%
DER(5)1.96%
Volume55.10K
Volume Incr14.4%
Vol(5)39.80K
Vol(50)30.15K