We assign a technical rating of 0 out of 10 to IKT. 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.
Although the technical rating is bad, IKT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.55. Right above this resistance zone may be a good entry point.
More info and screens
1.41
2 important support areas can be observed.
- Support @1.49 from a trend line in the weekly time frame.
- A support zone ranging from 1.42 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.55 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.65 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.70 to 1.72. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for IKT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IKT is neutral. |
| ChartMill Relative Strength | 12.55 | NEGATIVE | IKT has a low relative strength, it was outperformed by 87.45% 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) | 44.33 | NEUTRAL | The RSI value for IKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IKT has a negative trend. |
| Stochastics (14,3) | 43.43 | NEUTRAL | The Stochastics value for IKT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.9 | HIGH VOLATILITY | The high ATR as a percentage value for IKT suggests high volalility. |
| Average Directional Index/ADX (14) | 10.97 | NEGATIVE | The low ADX value for IKT suggests a weak or negative trend. |
1.49
-0.04 (-2.61%)
INHIBIKASE THERAPEUTICS INC / IKT FAQ
What is the ChartMill technical rating of INHIBIKASE THERAPEUTICS INC (IKT) stock?
ChartMill assigns a technical rating of 0 / 10 to IKT.
What is the trend direction for IKT stock?
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 44.3252. 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 -0.00346985, indicating a bearish trend.
Can you provide the support and resistance levels for INHIBIKASE THERAPEUTICS INC?
INHIBIKASE THERAPEUTICS INC (IKT) has a support level at 1.49 and a resistance level at 1.55. Check the full technical report for our detailed analysis of IKT support and resistance levels.