KADANT INC (KAI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KAI - US48282T1043 - Common Stock
We assign a technical rating of 2 out of 10 to KAI. Recently some decent action could be observed, but in the medium term time frame this is still negative. KAI was also a bad performer in the overall market in the last year.
Although the technical rating is bad, KAI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 293.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 291.64, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
285.30
We found 1 important support area.
- A support zone ranging from 288.18 to 291.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 293.11 to 294.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 305.08 to 306.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @351.20 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for KAI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KAI is up. |
| ChartMill Relative Strength | 22.8 | NEGATIVE | KAI has a low relative strength, it was outperformed by 77.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of KAI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KAI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.37 | NEUTRAL | The RSI value for KAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.69 | POSITIVE | The MACD value suggests KAI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.21 | NEUTRAL | The Stochastics value for KAI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for KAI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for KAI suggests a weak or negative trend. |
293.1
+1.99 (+0.68%)
KADANT INC / KAI FAQ
Can you provide the ChartMill technical rating for KADANT INC?
ChartMill assigns a technical rating of 2 / 10 to KAI.
What is the current trend direction of KADANT INC (KAI) stock?
The current trend direction for KADANT INC (KAI) is Bearish.
What is the RSI signal for KAI stock?
KADANT INC (KAI) has an RSI value of 59.3716. This indicates that the stock is currently neutral.
Can you provide the MACD signal for KADANT INC?
The MACD indicator for KADANT INC (KAI) has a value of 1.69032, indicating a bullish trend.
What are the support and resistance levels for KADANT INC (KAI) stock?
KADANT INC (KAI) has a support level at 291.64 and a resistance level at 293.11. Check the full technical report for our detailed analysis of KAI support and resistance levels.