Nektar Therapeutics (NKTR): Price Now Near $17.51; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for NKTR

At the moment, NKTR (Get Ratings)’s price is down $-0.09 (-0.51%) from the hour prior. NKTR has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Pharmaceutical Products stocks, NKTR ranks 143rd in regards to today’s price percentage change.

NKTR’s Technical Outlook on the Daily Chart

Currently, NKTR’s price is down $-0.17 (-0.96%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Nektar Therapeutics’s price action over the past 90 days can be seen via the chart below.

NKTR

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market