We assign a technical rating of 6 out of 10 to IKT. IKT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, IKT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.71. Right above this resistance zone may be a good entry point.
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1.40
We found 2 important support areas.
- Support @1.51 from a trend line in the weekly time frame.
- A support zone ranging from 1.41 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.71 to 1.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 15.69 | NEGATIVE | IKT has a low relative strength, it was outperformed by 84.31% off all stocks 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 | NEGATIVE | The current price of IKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.31 | 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) | 56.72 | NEUTRAL | The Stochastics value for IKT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for IKT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.22 | NEGATIVE | The low ADX value for IKT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 1.74 | 1.50 | 0.24 (13.79%) | 7.25% |
| An entry @1.74. This is a Buy Stop order right above the resistance zone. | An exit @1.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.24 points, which is 13.79%. | For a 1.00% total portfolio risk, you can invest 7.25% of your capital in this trade. |
- 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.
1.65
+0.06 (+3.77%)
INHIBIKASE THERAPEUTICS INC / IKT FAQ
What is the ChartMill technical rating of INHIBIKASE THERAPEUTICS INC (IKT) stock?
ChartMill assigns a technical rating of 6 / 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 56.3096. 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 0.0152812, 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 1.51 and a resistance level at 1.71. Check the full technical report for our detailed analysis of IKT support and resistance levels.