NKARTA INC (NKTX) Stock Technical Analysis
NASDAQ:NKTX - Nasdaq - US65487U1088 - Common Stock - Currency: USD
Taking everything into account, NKTX scores 1 out of 10 in our technical rating. NKTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, NKTX is a bad performer in the overall market: 93% of all stocks are doing better.
NKTX is one of the lesser performing stocks in the Biotechnology industry. 60% of 561 stocks in the same industry do better.
NKTX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NKTX is lagging the market.
In the last month NKTX has a been trading in the 1.66 - 2.16 range, which is quite wide. It is currently trading near the lows of this range.
NKTX has an average volume of 1370380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of NKTX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.49
1.94
We found 3 important support areas.
- Support @1.73 from a trend line in the daily time frame.
- Support @1.69 from a horizontal line in the daily time frame.
- A support zone ranging from 1.50 to 1.52. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.76 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.87 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for NKTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NKTX is down. |
| ChartMill Relative Strength | 7.89 | NEGATIVE | NKTX has a low relative strength, it was outperformed by 92.11% 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) | UP | MIXED | The current price of NKTX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NKTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.15 | NEUTRAL | The RSI value for NKTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NKTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.89 | OVERSOLD | The low Stochastics value suggests NKTX may be oversold. |
| Average True Range in percent/ATR (20) | 7.5 | HIGH VOLATILITY | The high ATR as a percentage value for NKTX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for NKTX suggests a weak or negative trend. |
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)
1.75
-0.01 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.85%
1 Week0.57%
2 Weeks-9.33%
1 Month-17.06%
3 Month-14.63%
6 Month-28.57%
12 Month-72.83%
2 Year-62.12%
3 Year-87.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%7.5%
ATR Inc-33.11%
Range Today0.06
ADR(20)0.12
ADR(20)%7.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.89
Mansfield-5.21
10 Day High2.09
10 Day Low1.66
20 Day High2.16
20 Day Low1.66
52 Week High8.23
52 Week Low1.31
CS1 End1.73
CR1 Start1.76
Volume & EV
DER(3)-0.33%
DER(5)2.52%
Volume254.60K
Volume Incr-32.87%
Vol(5)400.16K
Vol(50)1.37M