NKARTA INC (NKTX) Stock Technical Analysis
USA - NASDAQ:NKTX - US65487U1088 - Common Stock
We assign a technical rating of 0 out of 10 to NKTX. 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 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
1.87
We found 2 important support areas.
- Support @1.95 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.89 to 1.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.96 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.10 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.20 to 2.22. 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 | 14.37 | NEGATIVE | NKTX has a low relative strength, it was outperformed by 85.63% 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 | NEGATIVE | The current price of NKTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.61 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 16.1 | OVERSOLD | The low Stochastics value suggests NKTX may be oversold. |
| Average True Range in percent/ATR (20) | 8.31 | HIGH VOLATILITY | The high ATR as a percentage value for NKTX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.19 | NEGATIVE | The low ADX value for NKTX suggests a weak or negative trend. |
1.96
0 (0%)
NKARTA INC / NKTX FAQ
What is the ChartMill technical rating of NKARTA INC (NKTX) stock?
ChartMill assigns a technical rating of 0 / 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 40.613. 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 1.95 and a resistance level at 1.96. Check the full technical report for our detailed analysis of NKTX support and resistance levels.