MINK THERAPEUTICS INC (INKT) Stock Technical Analysis
USA - NASDAQ:INKT - US6036932019 - Common Stock
15.015 USD
-0.45 (-2.88%)
14.6532 USD
-0.36 (-2.41%)
Overall INKT gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
INKT is one of the better performing stocks in the Biotechnology industry, it outperforms 91% of 536 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that INKT is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month INKT has a been trading in the 13.53 - 16.98 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 only medium, INKT 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 14.96, a Stop Loss order could be placed below this zone.
More info and screens
7.80
16.46
We found 4 important support areas.
- A support zone ranging from 14.60 to 14.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.25 from a trend line in the daily time frame.
- A support zone ranging from 13.61 to 13.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.88 to 7.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @15.10 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 15.90 to 16.30. 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 | UP | POSITIVE | The long term trend for INKT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INKT is neutral. |
| ChartMill Relative Strength | 96.41 | POSITIVE | INKT has a high relative strength, it outperformed 96.41% off all stocks 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) | 51.54 | 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) | 43.99 | NEUTRAL | The Stochastics value for INKT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.44 | HIGH VOLATILITY | The high ATR as a percentage value for INKT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.55 | NEUTRAL | The ADX value for INKT suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 15.11 | 14.59 | 0.52 (3.44%) | 25.00% |
| An entry @15.11. This is a Buy Stop order right above the resistance zone. | An exit @14.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 3.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- The distance between exit and entry is rather small compared to the average daily movement of INKT. Please evaluate whether better entry and exit points can be found.
- 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.
15.015
-0.45 (-2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.88%
1 Week7.56%
2 Weeks-0.5%
1 Month1.45%
3 Month107.64%
6 Month78.54%
12 Month109.39%
2 Year47.21%
3 Year-31.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.18
ATR(20)%7.44%
ATR Inc-4.2%
Range Today0.86
ADR(20)1.1
ADR(20)%7.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.41
Mansfield2.88
10 Day High16.98
10 Day Low13.53
20 Day High16.98
20 Day Low13.53
52 Week High76
52 Week Low4.56
CS1 End14.96
CR1 Start15.1
Volume & EV
DER(3)2.12%
DER(5)0.23%
Volume31.40K
Volume Incr-30.34%
Vol(5)32.74K
Vol(50)90.26K