NKTX Technical Analysis - NKARTA INC

Technical Rating and Analysis

Taking everything into account, NKTX scores 3 out of 10 in our technical rating. NKTX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

84% of all other stocks performed better in the past year than NKTX.

NKTX is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 61% are performing better than NKTX.

NKTX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month NKTX has a been trading in the 1.91 - 2.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NKTX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.08, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.80

2.41

When analyzing the support we can see 5 important areas.

A support zone ranging from 2.04 to 2.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 1.96 to 1.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.90 from a horizontal line in the daily time frame.
Support @1.85 from a trend line in the daily time frame.
Support @1.82 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

Resistance @2.34 from a trend line in the daily time frame.
A resistance zone ranging from 2.38 to 2.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for NKTX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NKTX is up.
ChartMill Relative Strength	16.18	NEGATIVE	NKTX has a low relative strength, it was outperformed by 83.82% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NKTX is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of NKTX is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of NKTX is above a declining SMA(200).
Relative Strength Index/RSI (14)	53.69	NEUTRAL	The RSI value for NKTX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests NKTX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	78.18	NEUTRAL	The Stochastics value for NKTX is a neutral value.
Average True Range in percent/ATR (20)	4.74	MEDIUM VOLATILITY	The ATR as a percentage value for NKTX suggests some volalility.
Average Directional Index/ADX (14)	17.27	NEGATIVE	The low ADX value for NKTX suggests a weak or negative trend.