ALPHA TEKNOVA INC (TKNO) Technical Analysis
NASDAQ:TKNO • US02080L1026
Current stock price
TKNO Technical Rating and Analysis
Overall TKNO gets a technical rating of 4 out of 10. In the past year, TKNO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 78% of all other stocks performed better in the past year than TKNO.
- TKNO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month TKNO has a been trading in the 2.56 - 3.39 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.
- TKNO is an average performer in the Life Sciences Tools & Services industry, it outperforms 55% of 57 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
TKNO Weekly and Daily overview Charts
TKNO Setup Rating and Analysis
Although the technical rating is only medium, TKNO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TKNO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
TKNO Support and Resistance Analysis
2.08
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.99 to 3.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.81 to 2.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.68 to 2.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.10 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.28 to 3.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.69 from a trend line in the weekly time frame.
TKNO 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 | DOWN | NEGATIVE | The long term trend for TKNO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TKNO is up. |
| ChartMill Relative Strength | 22.07 | NEGATIVE | TKNO has a low relative strength, it was outperformed by 77.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TKNO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TKNO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TKNO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.16 | NEUTRAL | The RSI value for TKNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TKNO has a positive trend. |
| Stochastics (14,3) | 81.33 | OVERBOUGHT | The high Stochastics value suggests TKNO may be overbought. |
| Average True Range in percent/ATR (20) | 7.72 | HIGH VOLATILITY | The high ATR as a percentage value for TKNO suggests high volalility. |
| Average Directional Index/ADX (14) | 12.38 | NEGATIVE | The low ADX value for TKNO suggests a weak or negative trend. |
TKNO Chart- and CandleStick Pattern Analysis
TKNO Technicals: Chart, Performance Metrics, Trend & Indicators
3.27
+0.13 (+4.14%)
ALPHA TEKNOVA INC / TKNO TA FAQ
Can you provide the ChartMill technical rating for ALPHA TEKNOVA INC?
ChartMill assigns a technical rating of 4 / 10 to TKNO.
What is the trend direction for TKNO stock?
The current trend direction for ALPHA TEKNOVA INC (TKNO) is Bearish.
What is the RSI signal for ALPHA TEKNOVA INC (TKNO) stock?
ALPHA TEKNOVA INC (TKNO) has an RSI value of 60.1573. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ALPHA TEKNOVA INC?
The short term momentum for ALPHA TEKNOVA INC (TKNO) is positive.
What is the support and resistance level for TKNO stock?
ALPHA TEKNOVA INC (TKNO) has a support level at 3.02 and a resistance level at 3.28. Check the full technical report for our detailed analysis of TKNO support and resistance levels.