By Mill Chart
Last update: Sep 6, 2023
Our stock screener has flagged KKR & CO INC (NYSE:KKR) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:KKR for potential movement.
ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.
Taking everything into account, KKR scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, KKR has proven to be a steady performer, scoring decent points in every aspect analyzed.
For an up to date full technical analysis you can check the technical report of KKR
In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:KKR has a 9 as its setup rating:
KKR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 62.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.95, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.
Of course, there are many ways to trade or not trade NYSE:KKR and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.
Every day, new breakout setups can be found on ChartMill in our Breakout screener.
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 observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
KKR & CO INC
NYSE:KKR (12/8/2023, 7:04:00 PM)After market: 76.95 0 (0%)
Ajax Health has established a new medical technology company to develop a treatment for the most common heart rhythm disorder.
Private equity firm KKR aims to raise $7B for its first global climate fund targeting energy transition opportunities, including investments in energy...
KKR & Co. is looking past the angst in public and private credit markets for chances to snap up high-yielding debt and strike favorable deals in the coming year.
Private equity firms are tweaking bonuses and other awards for rainmakers to give shareholders more steady income during a prolonged deal drought.
KKR acquires remaining stake in Global Atlantic for $2.7B, increasing ownership to 100%.
KKR & Co. will pay about $2.7 billion in cash to acquire the remaining 37% of Global Atlantic that it doesn’t already own, broadening its bet on insurance to fuel asset and fee growth.
Gryphon Investors sells Potter Global Technologies to KKR, allowing the company to continue under its current management team.