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'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.
When comparing the yearly performance of all stocks, NKTX is a bad performer in the overall market: 95% of all stocks are doing better.
NKTX is one of the lesser performing stocks in the Biotechnology industry. 72% of 558 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month NKTX has a been trading in the 1.63 - 1.90 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
1.51
2.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.69 to 1.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.66 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.53 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @1.94 from a trend line in the daily time frame.
- A resistance zone ranging from 2.01 to 2.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.12 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for NKTX is up. |
| ChartMill Relative Strength | 5.38 | NEGATIVE | NKTX has a low relative strength, it was outperformed by 94.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NKTX is above a declining 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) | 58.3 | 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. |
| Stochastics (14,3) | 90.83 | OVERBOUGHT | The high Stochastics value suggests NKTX may be overbought. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for NKTX suggests some volalility. |
| Average Directional Index/ADX (14) | 9.06 | 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)
1.89
+0.06 (+3.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.28%
1 Week11.83%
2 Weeks13.86%
1 Month-1.05%
3 Month4.42%
6 Month-23.48%
12 Month-69.57%
2 Year-17.47%
3 Year-86.01%
5 Year-92.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%4.52%
ATR Inc16.21%
Range Today0.1
ADR(20)0.08
ADR(20)%4.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.38
Mansfield-4
10 Day High1.9
10 Day Low1.63
20 Day High1.9
20 Day Low1.63
52 Week High7.24
52 Week Low1.31
CS1 End1.71
CR1 Start1.94
Volume & EV
DER(3)7.94%
DER(5)6.92%
Volume495.70K
Volume Incr-4.34%
Vol(5)468.97K
Vol(50)457.13K