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KINNATE BIOPHARMA INC (KNTE) Stock Technical Analysis

NASDAQ:KNTE - Nasdaq - US49705R1059 - Common Stock - Currency: USD

2.65  -0.01 (-0.38%)

After market: 2.65 0 (0%)

Technical Rating and Analysis

7

Taking everything into account, KNTE scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, KNTE is a bad performer.

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.
The long and short term trends are both positive. This is looking good!
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 an average performer in the Biotechnology industry, it outperforms 51% of 557 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
KINNATE BIOPHARMA INC / KNTE Weekly stock chart
KINNATE BIOPHARMA INC / KNTE Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, KNTE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.

Support and Resistance Analysis

2.16

2.70

When analyzing the support we can see 4 important areas.

  • 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.

When analyzing the resistance we notice one important 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for KNTE is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for KNTE is up.
ChartMill Relative Strength13.89NEGATIVEKNTE has a low relative strength, it was outperformed by 86.11% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of KNTE is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of KNTE is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of KNTE is above a declining SMA(200).
Relative Strength Index/RSI (14)62.61NEUTRALThe RSI value for KNTE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests KNTE has a positive trend, although the MACD value is declining.
Stochastics (14,3)80.39OVERBOUGHTThe high Stochastics value suggests KNTE may be overbought.
Average True Range in percent/ATR (20)1.51LOW VOLATILITYThe low ATR as a percentage value for KNTE suggests low volalility.
Average Directional Index/ADX (14)34.08POSITIVEThe high ADX value value for KNTE suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
2.682.590.09 (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%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%.

  • 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.
KINNATE BIOPHARMA INC / KNTE Daily stock chart

KINNATE BIOPHARMA INC

NASDAQ:KNTE (4/2/2024, 8:25:40 PM)

After market: 2.65 0 (0%)

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