INHIBIKASE THERAPEUTICS INC (IKT) Stock Technical Analysis
NASDAQ:IKT - US45719W2052 - Common Stock
1.8 USD
-0.04 (-2.17%)
1.8 USD
0 (0%)
We assign a technical rating of 4 out of 10 to IKT. IKT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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.
In the last month IKT has a been trading in the 1.42 - 1.90 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When compared to the yearly performance of all other stocks, IKT outperforms 63% of them, which is more or less in line with the market.
IKT is an average performer in the Biotechnology industry, it outperforms 64% of 545 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
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 very little resistance above the current price. There is a support zone below the current price at 1.79, a Stop Loss order could be placed below this zone.
More info and screens
1.44
2.10
3 important support areas can be observed.
- A support zone ranging from 1.77 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.67 from a horizontal line in the daily time frame.
- Support @1.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @1.83 from a trend line in the daily time frame.
- Resistance @1.89 from a horizontal line in the weekly time frame.
- Resistance @1.94 from a trend line in the daily time frame.
- Resistance @2.03 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for IKT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IKT is up. |
| ChartMill Relative Strength | 63.38 | 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 | NEGATIVE | The current price of IKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.36 | 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) | 79.08 | NEUTRAL | The Stochastics value for IKT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.58 | HIGH VOLATILITY | The high ATR as a percentage value for IKT suggests high volalility. |
| Average Directional Index/ADX (14) | 11.3 | NEGATIVE | The low ADX value for IKT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.8
-0.04 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.17%
1 Week-4.76%
2 Weeks2.86%
1 Month18.42%
3 Month-10.45%
6 Month-21.74%
12 Month28.57%
2 Year-10.45%
3 Year-68.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%8.58%
ATR Inc-54.74%
Range Today0.07
ADR(20)0.15
ADR(20)%8.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.38
Mansfield-2.34
10 Day High1.9
10 Day Low1.56
20 Day High1.9
20 Day Low1.42
52 Week High4.2
52 Week Low1.12
CS1 End1.79
CR1 Start1.83
Volume & EV
DER(3)2.87%
DER(5)-1.4%
Volume71.00K
Volume Incr-29.31%
Vol(5)77.12K
Vol(50)273.36K