We assign a technical rating of 0 out of 10 to TKNO. TKNO'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 95% of all other stocks performed better in the past year than TKNO.
- TKNO is part of the Life Sciences Tools & Services industry. There are 58 other stocks in this industry, of which 84% are performing better than TKNO.
- TKNO 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 TKNO has a been trading in the 3.00 - 4.26 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
TKNO 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
3.25
When analyzing the support we notice one important area.
- A support zone ranging from 3.28 to 3.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @4.06 from a trend line in the daily time frame.
- Resistance @4.56 from a trend line in the weekly time frame.
- Resistance @5.31 from a trend line in the weekly time frame.
- Resistance @5.82 from a trend line in the daily 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 TKNO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TKNO is down. |
| ChartMill Relative Strength | 5.25 | NEGATIVE | TKNO has a low relative strength, it was outperformed by 94.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TKNO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TKNO is below a declining 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) | 29.44 | OVERSOLD | The low RSI value suggests TKNO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TKNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.57 | NEUTRAL | The Stochastics value for TKNO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.49 | HIGH VOLATILITY | The high ATR as a percentage value for TKNO suggests high volalility. |
| Average Directional Index/ADX (14) | 37.87 | POSITIVE | The high ADX value value for TKNO suggests a strong trend. |
3.32
-0.01 (-0.3%)
ALPHA TEKNOVA INC / TKNO FAQ
Can you provide the ChartMill technical rating for ALPHA TEKNOVA INC?
ChartMill assigns a technical rating of 0 / 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 TKNO stock?
ALPHA TEKNOVA INC (TKNO) has an RSI value of 29.4391. This indicates that the stock is currently oversold.
What is the MACD signal for TKNO stock?
The MACD indicator for ALPHA TEKNOVA INC (TKNO) has a value of -0.0554636, indicating a bearish trend.
Can you provide the buy/sell signal for ALPHA TEKNOVA INC?
The buy/sell signal for ALPHA TEKNOVA INC (TKNO) is sell as both the short term and long term trends are negative.