KARUNA THERAPEUTICS INC (KRTX) Technical Analysis
NASDAQ:KRTX • US48576A1007
Taking everything into account, KRTX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KRTX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, KRTX did better than 94% of all other stocks.
- KRTX is part of the Biotechnology industry. There are 519 other stocks in this industry. KRTX outperforms 80% of them.
- A new 52 week high is currently being made by KRTX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month KRTX has a been trading in the 296.06 - 329.99 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Although KRTX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
179.53
We found 2 important support areas.
- A support zone ranging from 313.41 to 321.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @181.34 from a trend line in the weekly 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 KRTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KRTX is up. |
| ChartMill Relative Strength | 94.34 | POSITIVE | KRTX has a high relative strength, it outperformed 94.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KRTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KRTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.4 | OVERBOUGHT | The high RSI value suggests KRTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests KRTX has a positive trend. |
| Stochastics (14,3) | 97.45 | OVERBOUGHT | The high Stochastics value suggests KRTX may be overbought. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for KRTX suggests low volalility. |
| Average Directional Index/ADX (14) | 33.36 | POSITIVE | The high ADX value value for KRTX suggests a strong trend. |
KRTX Technicals: Chart, Performance Metrics, Trend & Indicators
329.83
+0.09 (+0.03%)
KARUNA THERAPEUTICS INC / KRTX FAQ
What is the ChartMill technical rating of KARUNA THERAPEUTICS INC (KRTX) stock?
ChartMill assigns a technical rating of 10 / 10 to KRTX.
Can you provide the trend direction for KARUNA THERAPEUTICS INC?
The current trend direction for KARUNA THERAPEUTICS INC (KRTX) is Bullish.
Can you provide the RSI signal for KARUNA THERAPEUTICS INC?
KARUNA THERAPEUTICS INC (KRTX) has an RSI value of 75.4008. This indicates that the stock is currently overbought.
Can you provide the MACD signal for KARUNA THERAPEUTICS INC?
The MACD indicator for KARUNA THERAPEUTICS INC (KRTX) has a value of 0.603732, indicating a bearish trend.
Can you provide the support and resistance levels for KARUNA THERAPEUTICS INC?
KARUNA THERAPEUTICS INC (KRTX) has a support level at 321.59. Check the full technical report for our detailed analysis of KRTX support and resistance levels.