Taking everything into account, NKTR scores 3 out of 10 in our technical rating. Although NKTR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, we notice that NKTR is one of the better performing stocks in the market, outperforming 93% of all stocks.
- NKTR is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 83% of 191 stocks in the same industry.
- In the last month NKTR has a been trading in the 33.40 - 39.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- NKTR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NKTR is lagging the market.
NKTR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.01, a Stop Loss order could be placed below this zone.
More info and screens
34.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 36.80 to 37.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.11 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @38.86 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for NKTR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NKTR is down. |
| ChartMill Relative Strength | 93.65 | POSITIVE | NKTR has a high relative strength, it outperformed 93.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NKTR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NKTR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NKTR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.48 | NEUTRAL | The RSI value for NKTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests NKTR has a positive trend. |
| Stochastics (14,3) | 46.19 | NEUTRAL | The Stochastics value for NKTR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.58 | HIGH VOLATILITY | The high ATR as a percentage value for NKTR suggests high volalility. |
| Average Directional Index/ADX (14) | 23.21 | NEUTRAL | The ADX value for NKTR suggests a possible start of a new trend. |
37.07
+0.26 (+0.71%)
NEKTAR THERAPEUTICS / NKTR FAQ
What is the technical rating for NKTR stock?
ChartMill assigns a technical rating of 3 / 10 to NKTR.
What is the trend direction for NKTR stock?
The current trend direction for NEKTAR THERAPEUTICS (NKTR) is Bearish.
Can you provide the RSI signal for NEKTAR THERAPEUTICS?
NEKTAR THERAPEUTICS (NKTR) has an RSI value of 43.4806. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for NEKTAR THERAPEUTICS?
The buy/sell signal for NEKTAR THERAPEUTICS (NKTR) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for NEKTAR THERAPEUTICS (NKTR) stock?
NEKTAR THERAPEUTICS (NKTR) has a support level at 37.01 and a resistance level at 38.86. Check the full technical report for our detailed analysis of NKTR support and resistance levels.