CHINOOK THERAPEUTICS INC (KDNY) Technical Analysis
NASDAQ:KDNY • US16961L1061
Current stock price
KDNY Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to KDNY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KDNY is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, KDNY did better than 98% of all other stocks. We also observe that the gains produced by KDNY over the past year are nicely spread over this period.
- KDNY is part of the Biotechnology industry. There are 511 other stocks in this industry. KDNY outperforms 94% of them.
- KDNY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- 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.
KDNY Weekly and Daily overview Charts
KDNY Setup Rating and Analysis
Although KDNY has an excellent technical rating, it does not offer a high quality setup 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
KDNY Support and Resistance Analysis
19.72
We found 5 important support areas.
- 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.
We found 1 important resistance 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.
KDNY Technical Indicator Signal Analysis
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. |
KDNY Chart- and CandleStick Pattern Analysis
KDNY Technicals: Chart, Performance Metrics, Trend & Indicators
40.39
+0.09 (+0.22%)
CHINOOK THERAPEUTICS INC / KDNY TA FAQ
Can you provide the ChartMill technical rating for CHINOOK THERAPEUTICS INC?
ChartMill assigns a technical rating of 10 / 10 to KDNY.
What is the current trend direction of CHINOOK THERAPEUTICS INC (KDNY) stock?
The current trend direction for CHINOOK THERAPEUTICS INC (KDNY) is Bullish.
What is the RSI signal for CHINOOK THERAPEUTICS INC (KDNY) stock?
CHINOOK THERAPEUTICS INC (KDNY) has an RSI value of 78.4949. This indicates that the stock is currently overbought.
What is the MACD signal for KDNY stock?
The MACD indicator for CHINOOK THERAPEUTICS INC (KDNY) has a value of -0.179714, indicating a bearish trend.
What are the support and resistance levels for CHINOOK THERAPEUTICS INC (KDNY) stock?
CHINOOK THERAPEUTICS INC (KDNY) has a support level at 38.89 and a resistance level at 40.4. Check the full technical report for our detailed analysis of KDNY support and resistance levels.