INHIBIKASE THERAPEUTICS INC (IKT) Technical Analysis
NASDAQ:IKT • US45719W2052
Current stock price
IKT Technical Rating and Analysis
Taking everything into account, IKT scores 0 out of 10 in our technical rating. IKT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, IKT is a bad performer in the overall market: 84% of all stocks are doing better.
- IKT is one of the lesser performing stocks in the Biotechnology industry. 63% of 519 stocks in the same industry do better.
- In the last month IKT has a been trading in the 1.57 - 2.08 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 has an average volume of 2118300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- IKT is currently trading in the middle 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 slightly.
IKT Weekly and Daily overview Charts
IKT Setup Rating and Analysis
The technical rating of IKT is bad and it also does not present a quality setup 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
IKT Support and Resistance Analysis
1.42
4 important support areas can be observed.
- Support @1.59 from a trend line in the daily time frame.
- Support @1.54 from a trend line in the weekly time frame.
- Support @1.50 from a horizontal line in the daily time frame.
- A support zone ranging from 1.43 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.77 to 1.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.88 from a trend line in the daily time frame.
- Resistance @1.96 from a trend line in the weekly time frame.
IKT 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 | NEUTRAL | NEUTRAL | The long term trend for IKT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IKT is down. |
| ChartMill Relative Strength | 16.81 | NEGATIVE | IKT has a low relative strength, it was outperformed by 83.19% 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) | DOWN | NEGATIVE | The current price of IKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.45 | NEUTRAL | The RSI value for IKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests IKT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.65 | OVERSOLD | The low Stochastics value suggests IKT may be oversold. |
| Average True Range in percent/ATR (20) | 7.77 | HIGH VOLATILITY | The high ATR as a percentage value for IKT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.68 | NEUTRAL | The ADX value for IKT suggests a possible start of a new trend. |
IKT Chart- and CandleStick Pattern Analysis
IKT Technicals: Chart, Performance Metrics, Trend & Indicators
1.68
+0.05 (+3.07%)
INHIBIKASE THERAPEUTICS INC / IKT TA FAQ
What is the ChartMill technical rating of INHIBIKASE THERAPEUTICS INC (IKT) stock?
ChartMill assigns a technical rating of 0 / 10 to IKT.
Can you provide the trend direction for INHIBIKASE THERAPEUTICS INC?
The current trend direction for INHIBIKASE THERAPEUTICS INC (IKT) is Bearish.
What is the RSI signal for IKT stock?
INHIBIKASE THERAPEUTICS INC (IKT) has an RSI value of 40.4479. This indicates that the stock is currently neutral.
What is the short term momentum for IKT stock?
The short term momentum for INHIBIKASE THERAPEUTICS INC (IKT) is negative.
What is the support and resistance level for IKT stock?
INHIBIKASE THERAPEUTICS INC (IKT) has a support level at 1.59 and a resistance level at 1.77. Check the full technical report for our detailed analysis of IKT support and resistance levels.