KINNATE BIOPHARMA INC (KNTE) Stock Technical Analysis
NASDAQ:KNTE - Nasdaq - US49705R1059 - Common Stock - Currency: USD
Taking everything into account, KNTE scores 7 out of 10 in our technical rating. Although KNTE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
87% of all other stocks performed better in the past year than KNTE.
KNTE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KNTE is lagging the market.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month KNTE has a been trading in the 2.52 - 2.69 range, which is quite wide. It is currently trading near the high of this range.
KNTE is part of the Biotechnology industry. There are 559 other stocks in this industry, KNTE did better than 48% of them.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, KNTE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.65, a Stop Loss order could be placed below this zone.
More info and screens
2.16
2.70
4 important support areas can be observed.
- A support zone ranging from 2.60 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.48 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.28 to 2.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.18 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.67 to 2.67. 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 KNTE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KNTE is up. |
| ChartMill Relative Strength | 13.89 | NEGATIVE | KNTE has a low relative strength, it was outperformed by 86.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KNTE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KNTE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KNTE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.61 | NEUTRAL | The RSI value for KNTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests KNTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.39 | OVERBOUGHT | The high Stochastics value suggests KNTE may be overbought. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for KNTE suggests low volalility. |
| Average Directional Index/ADX (14) | 34.08 | POSITIVE | The high ADX value value for KNTE 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)
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 |
|---|---|---|---|
| 2.68 | 2.59 | 0.09 (3.36%) | 25.00% |
| An entry @2.68. This is a Buy Stop order right above the resistance zone. | An exit @2.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.09 points, which is 3.36%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
2.65
-0.01 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.38%
1 Week0%
2 Weeks3.92%
1 Month2.32%
3 Month9.96%
6 Month86.62%
12 Month-56.63%
2 Year-64.52%
3 Year-90.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%1.51%
ATR Inc-20.13%
Range Today0.03
ADR(20)0.04
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.89
Mansfield-1.03
10 Day High2.69
10 Day Low2.54
20 Day High2.69
20 Day Low2.52
52 Week High7.19
52 Week Low1.04
CS1 End2.65
CR1 Start2.67
Volume & EV
DER(3)0.06%
DER(5)-1.37%
Volume2.81M
Volume Incr139.07%
Vol(5)1.08M
Vol(50)443.97K