CHINOOK THERAPEUTICS INC (KDNY) Stock Technical Analysis
NASDAQ:KDNY - Nasdaq - US16961L1061 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to KDNY. Both in the recent history as in the last year, KDNY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, KDNY did better than 98% of all other stocks. On top of that, KDNY also shows a nice and consistent pattern of rising prices.
KDNY is one of the better performing stocks in the Biotechnology industry, it outperforms 98% of 553 stocks in the same industry.
A new 52 week high is currently being made by KDNY, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
KDNY has an average volume of 2321130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month KDNY has a been trading in a tight range between 38.86 and 40.51.
Volume is considerably higher in the last couple of days.
Although KDNY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.72
40.80
5 important support areas can be observed.
- A support zone ranging from 38.89 to 38.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.83 from a trend line in the daily time frame.
- Support @22.01 from a trend line in the weekly time frame.
- Support @20.50 from a trend line in the weekly time frame.
- Support @19.92 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.40 to 40.40. 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 | UP | POSITIVE | The long term trend for KDNY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KDNY is up. |
| ChartMill Relative Strength | 98.56 | POSITIVE | KDNY has a high relative strength, it outperformed 98.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KDNY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KDNY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KDNY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.49 | OVERBOUGHT | The high RSI value suggests KDNY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests KDNY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.91 | OVERBOUGHT | The high Stochastics value suggests KDNY may be overbought. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for KDNY suggests low volalility. |
| Average Directional Index/ADX (14) | 59.31 | POSITIVE | The high ADX value value for KDNY suggests a strong 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)
40.39
+0.09 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.22%
1 Week0.25%
2 Weeks3.75%
1 Month2.98%
3 Month72.68%
6 Month67.38%
12 Month95.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%0.68%
ATR Inc-56.05%
Range Today0.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.56
Mansfield4.61
10 Day High40.51
10 Day Low38.95
20 Day High40.51
20 Day Low38.86
52 Week High40.51
52 Week Low18.34
CS1 End38.89
CR1 Start40.4
Volume & EV
DER(3)4.01%
DER(5)-0.03%
Volume4.92M
Volume Incr142.23%
Vol(5)4.23M
Vol(50)2.32M