KADANT INC (KAI) Stock Technical Analysis
NYSE:KAI - New York Stock Exchange, Inc. - US48282T1043 - Common Stock - Currency: USD
Taking everything into account, KAI scores 3 out of 10 in our technical rating. KAI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, KAI turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
KAI is an average performer in the Machinery industry, it outperforms 51% of 127 stocks in the same industry.
KAI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KAI is lagging the market.
In the last month KAI has a been trading in the 317.09 - 369.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, KAI does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 318.00, a Stop Loss order could be placed below this zone.
More info and screens
283.37
362.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 317.81 to 318.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @310.92 from a trend line in the weekly time frame.
- Support @300.10 from a horizontal line in the weekly time frame.
- Support @294.66 from a horizontal line in the weekly time frame.
- Support @286.23 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 331.94 to 337.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @345.39 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 351.20 to 352.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 358.61 to 358.62. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for KAI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KAI is neutral. |
| ChartMill Relative Strength | 56.09 | NEUTRAL | KAI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KAI is below a declining 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) | 47.96 | NEUTRAL | The RSI value for KAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests KAI has a negative trend. |
| Stochastics (14,3) | 46.86 | NEUTRAL | The Stochastics value for KAI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for KAI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.89 | NEGATIVE | The low ADX value for KAI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
330.65
-9.74 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.86%
1 Week-7.21%
2 Weeks2.11%
1 Month-3.47%
3 Month8.38%
6 Month-13.56%
12 Month3.25%
2 Year50.47%
3 Year84.28%
5 Year183.97%
10 Year643.2%
15 Year1840.43%
Volatility
ATR(14)9.6
ATR(20)%3.3%
ATR Inc2.08%
Range Today13.61
ADR(20)10.06
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.09
Mansfield-1.1
10 Day High357.65
10 Day Low321.44
20 Day High369.97
20 Day Low317.09
52 Week High429.95
52 Week Low281.3
CS1 End318
CR1 Start331.94
Volume & EV
DER(3)-3.01%
DER(5)-2.49%
Volume156.50K
Volume Incr5.96%
Vol(5)111.32K
Vol(50)114.63K