VKTX Technical Analysis - VIKING THERAPEUTICS INC

Technical Rating and Analysis

Overall VKTX gets a technical rating of 0 out of 10. VKTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

95% of all other stocks performed better in the past year than VKTX.

VKTX is part of the Biotechnology industry. There are 540 other stocks in this industry, of which 72% are performing better than VKTX.

VKTX 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 VKTX has a been trading in the 23.21 - 42.23 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.

VKTX has an average volume of 6413030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

VIKING THERAPEUTICS INC / VKTX Weekly stock chart

VIKING THERAPEUTICS INC / VKTX Daily stock chart

Setup Rating and Analysis

VKTX 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

22.00

43.32

2 important support areas can be observed.

Support @24.36 from a horizontal line in the daily time frame.
Support @22.22 from a horizontal line in the weekly time frame.

4 important resistance areas can be observed.

Resistance @24.86 from a horizontal line in the daily time frame.
A resistance zone ranging from 27.58 to 27.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @36.41 from a trend line in the weekly time frame.
Resistance @42.89 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 VKTX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VKTX is down.
ChartMill Relative Strength	5.95	NEGATIVE	VKTX has a low relative strength, it was outperformed by 94.05% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of VKTX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of VKTX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of VKTX is below a declining SMA(200).
Relative Strength Index/RSI (14)	36.6	NEUTRAL	The RSI value for VKTX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests VKTX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	21.39	NEUTRAL	The Stochastics value for VKTX is a neutral value.
Average True Range in percent/ATR (20)	9.34	HIGH VOLATILITY	The high ATR as a percentage value for VKTX suggests high volalility.
Average Directional Index/ADX (14)	25.23	POSITIVE	The high ADX value value for VKTX suggests a strong trend.