Uncovering Noteworthy Technical Analysis Findings for FS KKR CAPITAL CORP (NYSE:FSK).

Our stock screener has detected a potential breakout setup on FS KKR CAPITAL CORP (NYSE:FSK). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NYSE:FSK.

In-Depth Technical Analysis of NYSE:FSK

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 7 out of 10 to FSK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FSK is only an average performer.

• Both the short term and long term trends are positive. This is a very positive sign.
• FSK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• When compared to the yearly performance of all other stocks, FSK outperforms 54% of them, which is more or less in line with the market.
• FSK is an average performer in the Capital Markets industry, it outperforms 58% of 206 stocks in the same industry.
• In the last month FSK has a been trading in a tight range between 20.10 and 20.99.

Check the latest full technical report of FSK for a complete technical analysis.

How do we evaluate the setup for NYSE:FSK?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:FSK exhibits a 9 setup rating, indicating its consolidation status in recent days and weeks.

FSK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.25, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FSK in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

Trading breakout setups.

One strategy to consider is waiting for the actual breakout to occur, where the stock breaks out above the current consolidation zone. Traders can then enter a buy position, anticipating further upward momentum. As a risk management measure, it is advisable to set a stop loss order below the consolidation zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.