NKARTA INC (NKTX) Stock Technical Analysis
USA - NASDAQ:NKTX - US65487U1088 - Common Stock
Overall NKTX gets a technical rating of 2 out of 10. In the last year, NKTX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, NKTX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.42. Right above this resistance zone may be a good entry point.
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1.85
When analyzing the support we can see 4 important areas.
- Support @2.06 from a trend line in the daily time frame.
- A support zone ranging from 1.96 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.90 to 1.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.87 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.42 to 2.42. 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 | NEUTRAL | NEUTRAL | The long term trend for NKTX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NKTX is down. |
| ChartMill Relative Strength | 13.12 | NEGATIVE | NKTX has a low relative strength, it was outperformed by 86.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NKTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NKTX is below 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) | 45.42 | NEUTRAL | The RSI value for NKTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NKTX has a negative trend. |
| Stochastics (14,3) | 8.27 | OVERSOLD | The low Stochastics value suggests NKTX may be oversold. |
| Average True Range in percent/ATR (20) | 8.79 | HIGH VOLATILITY | The high ATR as a percentage value for NKTX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.27 | NEUTRAL | The ADX value for NKTX suggests a possible start of a new trend. |
2.11
+0.03 (+1.44%)
NKARTA INC / NKTX FAQ
What is the ChartMill technical rating of NKARTA INC (NKTX) stock?
ChartMill assigns a technical rating of 2 / 10 to NKTX.
Can you provide the trend direction for NKARTA INC?
The current trend direction for NKARTA INC (NKTX) is Bearish.
What is the RSI signal for NKARTA INC (NKTX) stock?
NKARTA INC (NKTX) has an RSI value of 45.4239. This indicates that the stock is currently neutral.
What is the short term momentum for NKTX stock?
The short term momentum for NKARTA INC (NKTX) is negative.
What is the support and resistance level for NKTX stock?
NKARTA INC (NKTX) has a support level at 2.06 and a resistance level at 2.42. Check the full technical report for our detailed analysis of NKTX support and resistance levels.