KAI Technical Analysis - KADANT INC

Technical Rating and Analysis

Taking everything into account, KAI scores 0 out of 10 in our technical rating. KAI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, KAI is a bad performer in the overall market: 75% of all stocks are doing better.

KAI is part of the Machinery industry. There are 128 other stocks in this industry, of which 61% are performing better than KAI.

KAI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month KAI has a been trading in the 311.65 - 352.49 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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 very little resistance above the current price. There is a support zone below the current price at 300.10, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

291.71

362.21

When analyzing the support we can see 2 important areas.

Support @300.10 from a horizontal line in the weekly time frame.
Support @294.66 from a horizontal line in the weekly time frame.

4 important resistance areas can be observed.

Resistance @313.86 from a trend line in the weekly time frame.
A resistance zone ranging from 326.62 to 332.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 345.39 to 351.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @358.62 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for KAI is down.
ChartMill Relative Strength	25.4	NEGATIVE	KAI has a low relative strength, it was outperformed by 74.6% off all stocks 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	NEGATIVE	The current price of KAI is below 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)	40.28	NEUTRAL	The RSI value for KAI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.64	NEGATIVE	The MACD value suggests KAI has a negative trend.
Stochastics (14,3)	14.23	OVERSOLD	The low Stochastics value suggests KAI may be oversold.
Average True Range in percent/ATR (20)	3.1	MEDIUM VOLATILITY	The ATR as a percentage value for KAI suggests some volalility.
Average Directional Index/ADX (14)	11	NEGATIVE	The low ADX value for KAI suggests a weak or negative trend.