KKR & CO INC (NYSE:KKR) Technical Analysis observations.

KKR & CO INC (NYSE:KKR) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:KKR.

What is the technical picture of NYSE:KKR telling us.

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Taking everything into account, KKR scores 7 out of 10 in our technical rating. Although KKR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• KKR is part of the Capital Markets industry. There are 207 other stocks in this industry. KKR outperforms 89% of them.
• KKR 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 KKR is performing more or less in line with the market.
• In the last month KKR has a been trading in the 58.22 - 63.64 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
• Looking at the yearly performance, KKR did better than 87% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Our latest full technical report of KKR contains the most current technical analsysis.

How do we evaluate the setup for NYSE:KKR?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:KKR scores a 10 out of 10:

Besides having an excellent technical rating, KKR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 61.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.54, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for KKR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.