VIKING THERAPEUTICS INC (VKTX) Technical Analysis
NASDAQ:VKTX • US92686J1060
Current stock price
VKTX Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to VKTX. VKTX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- VKTX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so VKTX is performing more or less in line with the market.
- In the last month VKTX has a been trading in the 28.75 - 37.50 range, which is quite wide. It is currently trading near the high of this range.
- VKTX has an average volume of 3148220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, VKTX outperforms 60% of them, which is more or less in line with the market.
- VKTX is part of the Biotechnology industry. There are 518 other stocks in this industry, VKTX did better than 55% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
VKTX Weekly and Daily overview Charts
VKTX Setup Rating and Analysis
Although VKTX has an excellent technical rating, it does not present a decent entry opportunity 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
VKTX Support and Resistance Analysis
26.84
6 important support areas can be observed.
- Support @34.42 from a horizontal line in the daily time frame.
- A support zone ranging from 32.84 to 33.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.50 to 31.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @29.30 from a trend line in the weekly time frame.
- Support @27.87 from a trend line in the weekly time frame.
- Support @27.11 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @37.91 from a trend line in the weekly time frame.
- Resistance @39.02 from a trend line in the daily time frame.
- Resistance @40.04 from a horizontal line in the weekly time frame.
VKTX 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 | 60.55 | NEUTRAL | VKTX is not amongst the best or worst performers 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) | 62.37 | NEUTRAL | The RSI value for VKTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests VKTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.14 | OVERBOUGHT | The high Stochastics value suggests VKTX may be overbought. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for VKTX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.24 | NEGATIVE | The low ADX value for VKTX suggests a weak or negative trend. |
VKTX Chart- and CandleStick Pattern Analysis
VKTX Technicals: Chart, Performance Metrics, Trend & Indicators
35.63
+0.16 (+0.45%)
VIKING THERAPEUTICS INC / VKTX TA 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 current trend direction of VIKING THERAPEUTICS INC (VKTX) stock?
The current trend direction for VIKING THERAPEUTICS INC (VKTX) is Bearish.
What is the RSI signal for VKTX stock?
VIKING THERAPEUTICS INC (VKTX) has an RSI value of 62.371. This indicates that the stock is currently neutral.
What is the MACD signal for VIKING THERAPEUTICS INC (VKTX) stock?
The MACD indicator for VIKING THERAPEUTICS INC (VKTX) has a value of 0.394607, indicating a bearish trend.
Can you provide the support and resistance levels for VIKING THERAPEUTICS INC?
VIKING THERAPEUTICS INC (VKTX) has a support level at 34.42 and a resistance level at 37.91. Check the full technical report for our detailed analysis of VKTX support and resistance levels.