VIKING THERAPEUTICS INC (VKTX) Stock Technical Analysis
USA - NASDAQ:VKTX - US92686J1060 - Common Stock
Taking everything into account, VKTX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, VKTX is a bad performer.
Besides having an excellent technical rating, VKTX also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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4 important support areas can be observed.
- A support zone ranging from 34.09 to 34.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @31.41 from a horizontal line in the daily time frame.
- Support @25.75 from a trend line in the weekly time frame.
- Support @24.01 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @38.18 from a horizontal line in the daily time frame.
- Resistance @40.04 from a horizontal line in the weekly time frame.
- Resistance @66.61 from a trend 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 | UP | POSITIVE | The long term trend for VKTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VKTX is up. |
| ChartMill Relative Strength | 9.46 | NEGATIVE | VKTX has a low relative strength, it was outperformed by 90.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VKTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VKTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VKTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.88 | NEUTRAL | The RSI value for VKTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests VKTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.31 | NEUTRAL | The Stochastics value for VKTX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for VKTX suggests high volalility. |
| Average Directional Index/ADX (14) | 35.11 | POSITIVE | The high ADX value value for VKTX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.19 | 34.08 | 4.11 (10.76%) | 9.29% |
| An entry @38.19. This is a Buy Stop order right above the resistance zone. | An exit @34.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.11 points, which is 10.76%. | When investing 9.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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-2.08 (-5.46%)
VIKING THERAPEUTICS INC / VKTX FAQ
What is the ChartMill technical rating of VIKING THERAPEUTICS INC (VKTX) stock?
ChartMill assigns a technical rating of 7 / 10 to VKTX.
What is the trend direction for VKTX stock?
The current trend direction for VIKING THERAPEUTICS INC (VKTX) is Bullish.
What is the RSI signal for VKTX stock?
VIKING THERAPEUTICS INC (VKTX) has an RSI value of 58.8825. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VIKING THERAPEUTICS INC?
The short term momentum for VIKING THERAPEUTICS INC (VKTX) is positive.
Can you provide the support and resistance levels for VIKING THERAPEUTICS INC?
VIKING THERAPEUTICS INC (VKTX) has a support level at 34.38 and a resistance level at 38.18. Check the full technical report for our detailed analysis of VKTX support and resistance levels.