VKTX Technical Analysis - VIKING THERAPEUTICS INC

Technical Rating and Analysis

Taking everything into account, VKTX scores 4 out of 10 in our technical rating. VKTX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

91% of all other stocks performed better in the past year than VKTX.

VKTX is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 69% 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.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month VKTX has a been trading in the 22.96 - 32.64 range, which is quite wide. It is currently trading near the high of this range.

VKTX has an average volume of 6896130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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

VIKING THERAPEUTICS INC / VKTX Weekly stock chart

VIKING THERAPEUTICS INC / VKTX Daily stock chart

Setup Rating and Analysis

VKTX 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

23.22

43.32

We found 2 important support areas.

Support @25.28 from a trend line in the weekly time frame.
Support @23.45 from a trend line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 32.29 to 32.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @42.89 from a horizontal line in the daily time frame.

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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 VKTX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for VKTX is up.
ChartMill Relative Strength	9.25	NEGATIVE	VKTX has a low relative strength, it was outperformed by 90.75% 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)	DOWN	MIXED	The current price of VKTX is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of VKTX is above a declining SMA(200).
Relative Strength Index/RSI (14)	66.56	NEUTRAL	The RSI value for VKTX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.9	POSITIVE	The MACD value suggests VKTX has a positive trend.
Stochastics (14,3)	98	OVERBOUGHT	The high Stochastics value suggests VKTX may be overbought.
Average True Range in percent/ATR (20)	4.61	MEDIUM VOLATILITY	The ATR as a percentage value for VKTX suggests some volalility.
Average Directional Index/ADX (14)	18.82	NEGATIVE	The low ADX value for VKTX suggests a weak or negative trend.