KADANT INC (KAI) Stock Technical Analysis
NYSE:KAI • US48282T1043
Taking everything into account, KAI scores 8 out of 10 in our technical rating. Although KAI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- KAI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, KAI outperforms 64% of them, which is more or less in line with the market.
- KAI is an average performer in the Machinery industry, it outperforms 41% of 131 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.
KAI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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282.16
We found 3 important support areas.
- A support zone ranging from 323.85 to 328.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 305.08 to 313.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 285.01 to 286.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 334.09 to 337.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 343.12 to 343.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for KAI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KAI is up. |
| ChartMill Relative Strength | 64.06 | NEUTRAL | KAI is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of KAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.54 | NEUTRAL | The RSI value for KAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests KAI has a negative trend. |
| Stochastics (14,3) | 68.94 | NEUTRAL | The Stochastics value for KAI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for KAI suggests some volalility. |
| Average Directional Index/ADX (14) | 26.99 | POSITIVE | The high ADX value value for KAI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 335.36 | 322.55 | 12.81 (3.82%) | 25.00% |
| An entry @335.36. This is a Buy Stop order right above the resistance zone. | An exit @322.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.81 points, which is 3.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- The distance between exit and entry is rather small compared to the average daily movement of KAI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+0.45 (+0.13%)
KADANT INC / KAI FAQ
Can you provide the ChartMill technical rating for KADANT INC?
ChartMill assigns a technical rating of 8 / 10 to KAI.
What is the trend direction for KAI stock?
The current trend direction for KADANT INC (KAI) is Bullish.
Can you provide the RSI signal for KADANT INC?
KADANT INC (KAI) has an RSI value of 59.5354. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for KADANT INC?
The buy/sell signal for KADANT INC (KAI) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for KADANT INC?
KADANT INC (KAI) has a support level at 322.56 and a resistance level at 335.35. Check the full technical report for our detailed analysis of KAI support and resistance levels.