INHIBIKASE THERAPEUTICS INC (IKT) Technical Analysis
NASDAQ:IKT • US45719W2052
Current stock price
IKT Technical Rating and Analysis
Overall IKT gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IKT is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month IKT has a been trading in the 1.63 - 1.95 range, which is quite wide. It is currently trading near the high of this range.
- IKT has an average volume of 2271500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, IKT turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- IKT is an average performer in the Biotechnology industry, it outperforms 50% of 515 stocks in the same industry.
- IKT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IKT is lagging the market.
- Considerably lower volume is observed in the last couple of days.
IKT Weekly and Daily overview Charts
IKT Setup Rating and Analysis
Besides having an excellent technical rating, IKT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.85, a Stop Loss order could be placed below this zone.
More info and screens
IKT Support and Resistance Analysis
1.42
5 important support areas can be observed.
- A support zone ranging from 1.83 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.71 from a trend line in the daily time frame.
- A support zone ranging from 1.64 to 1.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.56 from a trend line in the weekly time frame.
- Support @1.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.91 to 1.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.06 from a horizontal 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 | UP | POSITIVE | The long term trend for IKT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IKT is up. |
| ChartMill Relative Strength | 47.94 | NEUTRAL | IKT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IKT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IKT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IKT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.99 | NEUTRAL | The RSI value for IKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IKT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.08 | NEUTRAL | The Stochastics value for IKT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.93 | HIGH VOLATILITY | The high ATR as a percentage value for IKT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.54 | NEGATIVE | The low ADX value for IKT suggests a weak or negative trend. |
IKT Chart- and CandleStick Pattern Analysis
IKT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.94 | 1.82 | 0.12 (6.19%) | 16.17% |
| An entry @1.94. This is a Buy Stop order right above the resistance zone. | An exit @1.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 6.19%. | When investing 16.17% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of IKT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
IKT Technicals: Chart, Performance Metrics, Trend & Indicators
1.86
-0.02 (-1.06%)
INHIBIKASE THERAPEUTICS INC / IKT TA FAQ
What is the ChartMill technical rating of INHIBIKASE THERAPEUTICS INC (IKT) stock?
ChartMill assigns a technical rating of 8 / 10 to IKT.
What is the current trend direction of INHIBIKASE THERAPEUTICS INC (IKT) stock?
The current trend direction for INHIBIKASE THERAPEUTICS INC (IKT) is Bullish.
What is the RSI signal for INHIBIKASE THERAPEUTICS INC (IKT) stock?
INHIBIKASE THERAPEUTICS INC (IKT) has an RSI value of 53.9865. This indicates that the stock is currently neutral.
What is the MACD signal for INHIBIKASE THERAPEUTICS INC (IKT) stock?
The MACD indicator for INHIBIKASE THERAPEUTICS INC (IKT) has a value of 0.0179527, indicating a bearish trend.
What is the buy/sell signal for INHIBIKASE THERAPEUTICS INC (IKT) stock?
The buy/sell signal for INHIBIKASE THERAPEUTICS INC (IKT) is buy as both the short term and long term trends are positive.