NKARTA INC (NKTX) Technical Analysis
NASDAQ:NKTX • US65487U1088
Current stock price
NKTX Technical Rating and Analysis
Taking everything into account, NKTX scores 2 out of 10 in our technical rating. NKTX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month NKTX has a been trading in the 2.10 - 2.81 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that NKTX is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- NKTX is an average performer in the Biotechnology industry, it outperforms 59% of 519 stocks in the same industry.
- NKTX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NKTX is lagging the market slightly.
NKTX Weekly and Daily overview Charts
NKTX Setup Rating and Analysis
NKTX has a poor technical rating and the quality of the setup is also not perfect 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
NKTX Support and Resistance Analysis
1.77
We found 4 important support areas.
- A support zone ranging from 2.08 to 2.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.96 from a horizontal line in the weekly time frame.
- Support @1.89 from a trend line in the weekly time frame.
- Support @1.79 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.49 from a trend line in the weekly time frame.
NKTX 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 | DOWN | NEGATIVE | The short term trend for NKTX is down. |
| ChartMill Relative Strength | 76.83 | POSITIVE | NKTX has a high relative strength, it outperformed 76.83% 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) | UP | POSITIVE | The current price of NKTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.63 | NEUTRAL | The RSI value for NKTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NKTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.06 | OVERSOLD | The low Stochastics value suggests NKTX may be oversold. |
| Average True Range in percent/ATR (20) | 8.42 | HIGH VOLATILITY | The high ATR as a percentage value for NKTX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.19 | NEUTRAL | The ADX value for NKTX suggests a possible start of a new trend. |
NKTX Chart- and CandleStick Pattern Analysis
NKTX Technicals: Chart, Performance Metrics, Trend & Indicators
2.18
+0.04 (+1.87%)
NKARTA INC / NKTX TA FAQ
What is the ChartMill technical rating of NKARTA INC (NKTX) stock?
ChartMill assigns a technical rating of 2 / 10 to NKTX.
What is the current trend direction of NKARTA INC (NKTX) stock?
The current trend direction for NKARTA INC (NKTX) is Bearish.
What is the RSI signal for NKTX stock?
NKARTA INC (NKTX) has an RSI value of 42.6292. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for NKARTA INC?
NKARTA INC (NKTX) has a support level at 2.13 and a resistance level at 2.49. Check the full technical report for our detailed analysis of NKTX support and resistance levels.