TKNO Technical Analysis - ALPHA TEKNOVA INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to TKNO. In the past year, TKNO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

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.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

TKNO is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 70% of 56 stocks in the same industry.

In the last month TKNO has a been trading in the 3.94 - 5.44 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, TKNO turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALPHA TEKNOVA INC / TKNO Weekly stock chart

ALPHA TEKNOVA INC / TKNO Daily stock chart

Setup Rating and Analysis

TKNO has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.40

5.38

When analyzing the support we notice one important area.

A support zone ranging from 4.44 to 4.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 5.33 to 5.33. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 TKNO is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TKNO is up.
ChartMill Relative Strength	61.83	NEUTRAL	TKNO is not amongst the best or worst performers 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)	68.38	NEUTRAL	The RSI value for TKNO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests TKNO has a positive trend.
Stochastics (14,3)	86.9	OVERBOUGHT	The high Stochastics value suggests TKNO may be overbought.
Average True Range in percent/ATR (20)	5.96	HIGH VOLATILITY	The high ATR as a percentage value for TKNO suggests high volalility.
Average Directional Index/ADX (14)	12.37	NEGATIVE	The low ADX value for TKNO suggests a weak or negative trend.