NKARTA INC (NKTX) Stock Technical Analysis
NASDAQ:NKTX - Nasdaq - US65487U1088 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to NKTX. NKTX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than NKTX.
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.
NKTX is an average performer in the Biotechnology industry, it outperforms 44% of 559 stocks in the same industry.
In the last month NKTX has a been trading in the 1.66 - 2.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NKTX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.01. Right above this resistance zone may be a good entry point.
More info and screens
1.50
2.14
We found 4 important support areas.
- A support zone ranging from 1.80 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.73 from a horizontal line in the weekly time frame.
- Support @1.69 from a horizontal line in the daily time frame.
- Support @1.52 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.01 to 2.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 2.10 to 2.12. 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 | DOWN | NEGATIVE | The long term trend for NKTX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NKTX is neutral. |
| ChartMill Relative Strength | 10.3 | NEGATIVE | NKTX has a low relative strength, it was outperformed by 89.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NKTX is above the rising 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 | NEGATIVE | The current price of NKTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.25 | 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) | 59.44 | NEUTRAL | The Stochastics value for NKTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for NKTX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.45 | 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)
1.86
-0.05 (-2.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.62%
1 Week-2.11%
2 Weeks6.9%
1 Month8.14%
3 Month12.05%
6 Month-20.51%
12 Month-69.05%
2 Year-15.07%
3 Year-84.9%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%5.73%
ATR Inc-15.64%
Range Today0.07
ADR(20)0.1
ADR(20)%5.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.3
Mansfield-4.61
10 Day High2.08
10 Day Low1.7
20 Day High2.08
20 Day Low1.66
52 Week High8.23
52 Week Low1.31
CS1 End1.81
CR1 Start2.01
Volume & EV
DER(3)-2.3%
DER(5)-3.2%
Volume458.70K
Volume Incr18.25%
Vol(5)516.12K
Vol(50)616.04K