We assign a technical rating of 2 out of 10 to INKT. INKT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- INKT 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.
- Warning: INKT has an average volume of 16772 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When compared to the yearly performance of all other stocks, INKT outperforms 67% of them, which is more or less in line with the market.
- INKT is part of the Biotechnology industry. There are 525 other stocks in this industry, INKT did better than 60% of them.
- In the last month INKT has a been trading in the 10.84 - 12.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, INKT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.51. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.82
We found 4 important support areas.
- A support zone ranging from 11.88 to 12.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.57 from a trend line in the daily time frame.
- A support zone ranging from 11.11 to 11.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.91 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.51 to 12.62. 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 | DOWN | NEGATIVE | The long term trend for INKT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INKT is neutral. |
| ChartMill Relative Strength | 67.99 | NEUTRAL | INKT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INKT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of INKT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.92 | NEUTRAL | The RSI value for INKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests INKT has a positive trend. |
| Stochastics (14,3) | 84.33 | OVERBOUGHT | The high Stochastics value suggests INKT may be overbought. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for INKT suggests some volalility. |
| Average Directional Index/ADX (14) | 10.3 | NEGATIVE | The low ADX value for INKT suggests a weak or negative trend. |
12.5
+0.14 (+1.13%)
MINK THERAPEUTICS INC / INKT FAQ
Can you provide the ChartMill technical rating for MINK THERAPEUTICS INC?
ChartMill assigns a technical rating of 2 / 10 to INKT.
What is the current trend direction of MINK THERAPEUTICS INC (INKT) stock?
The current trend direction for MINK THERAPEUTICS INC (INKT) is Bearish.
Can you provide the RSI signal for MINK THERAPEUTICS INC?
MINK THERAPEUTICS INC (INKT) has an RSI value of 56.9209. This indicates that the stock is currently neutral.
What is the support and resistance level for INKT stock?
MINK THERAPEUTICS INC (INKT) has a support level at 12.07 and a resistance level at 12.51. Check the full technical report for our detailed analysis of INKT support and resistance levels.