INHIBIKASE THERAPEUTICS INC (IKT) Stock Technical Analysis
NASDAQ:IKT - Nasdaq - US45719W2052 - Common Stock - Currency: USD
Taking everything into account, IKT scores 0 out of 10 in our technical rating. IKT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, IKT is a bad performer in the overall market: 82% of all stocks are doing better.
IKT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IKT is lagging the market.
In the last month IKT has a been trading in the 1.75 - 2.37 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
IKT is an average performer in the Biotechnology industry, it outperforms 63% of 562 stocks in the same industry.
IKT has a poor technical rating and the quality of the setup is also 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
1.40
2.38
We found 1 important support area.
- Support @1.41 from a trend line in the weekly time frame.
6 important resistance areas can be observed.
- Resistance @1.79 from a trend line in the daily time frame.
- A resistance zone ranging from 1.99 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.06 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.16 from a trend line in the daily time frame.
- Resistance @2.26 from a horizontal line in the daily time frame.
- Resistance @2.36 from a trend 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 | DOWN | NEGATIVE | The long term trend for IKT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IKT is down. |
| ChartMill Relative Strength | 18.98 | NEGATIVE | IKT has a low relative strength, it was outperformed by 81.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IKT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IKT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IKT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.62 | NEUTRAL | The RSI value for IKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests IKT has a negative trend. |
| Stochastics (14,3) | 15.95 | OVERSOLD | The low Stochastics value suggests IKT may be oversold. |
| Average True Range in percent/ATR (20) | 9.99 | HIGH VOLATILITY | The high ATR as a percentage value for IKT suggests high volalility. |
| Average Directional Index/ADX (14) | 11.03 | NEGATIVE | The low ADX value for IKT suggests a weak or negative 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)
1.77
-0.07 (-3.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.8%
1 Week-11.94%
2 Weeks-11.5%
1 Month-16.11%
3 Month-40.4%
6 Month-23.38%
12 Month-2.21%
2 Year-57.12%
3 Year-67.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%9.99%
ATR Inc-3.53%
Range Today0.18
ADR(20)0.17
ADR(20)%9.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.98
Mansfield-1.46
10 Day High2.27
10 Day Low1.75
20 Day High2.37
20 Day Low1.75
52 Week High4.2
52 Week Low1.12
CS1 End1.41
CR1 Start1.79
Volume & EV
DER(3)-3.88%
DER(5)-6.99%
Volume148.80K
Volume Incr4.19%
Vol(5)118.00K
Vol(50)129.57K