We assign a technical rating of 5 out of 10 to IKT. Recently some decent action could be observed, but in the medium term time frame this is still negative. IKT was also a bad performer in the overall market in the last year.
- 81% of all other stocks performed better in the past year than IKT.
- IKT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- IKT is part of the Biotechnology industry. There are 525 other stocks in this industry, IKT did better than 45% of them.
- In the last month IKT has a been trading in the 1.58 - 2.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IKT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.71, a Stop Loss order could be placed below this zone.
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1.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.69 to 1.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.64 to 1.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.53 from a trend line in the weekly time frame.
- Support @1.43 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.81 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.89 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.02 to 2.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.08 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 | NEUTRAL | NEUTRAL | The long term trend for IKT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IKT is up. |
| ChartMill Relative Strength | 19.74 | NEGATIVE | IKT has a low relative strength, it was outperformed by 80.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IKT is below 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) | UP | MIXED | The current price of IKT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.76 | NEUTRAL | The RSI value for IKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests IKT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.91 | NEUTRAL | The Stochastics value for IKT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.59 | HIGH VOLATILITY | The high ATR as a percentage value for IKT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.54 | POSITIVE | The high ADX value value for IKT suggests a strong trend. |
1.74
-0.06 (-3.33%)
INHIBIKASE THERAPEUTICS INC / IKT FAQ
What is the ChartMill technical rating of INHIBIKASE THERAPEUTICS INC (IKT) stock?
ChartMill assigns a technical rating of 5 / 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 50.7625. 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 positive.
What is the support and resistance level for IKT stock?
INHIBIKASE THERAPEUTICS INC (IKT) has a support level at 1.71 and a resistance level at 1.81. Check the full technical report for our detailed analysis of IKT support and resistance levels.