OPENLANE INC (KAR) Stock Technical Analysis
NYSE:KAR - US48238T1097 - Common Stock
28.92 USD
+0.01 (+0.03%)
28.92 USD
0 (0%)
Overall KAR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KAR is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, KAR did better than 91% of all other stocks. On top of that, KAR also shows a nice and consistent pattern of rising prices.
KAR is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 86% of 83 stocks in the same industry.
KAR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
KAR 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.
KAR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 29.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.91, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
18.23
29.46
6 important support areas can be observed.
- A support zone ranging from 28.68 to 28.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.96 to 28.17. 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 25.85 to 26.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.20 from a horizontal line in the daily time frame.
- Support @19.78 from a trend line in the weekly time frame.
- Support @18.41 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.17 to 29.17. 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 KAR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KAR is up. |
| ChartMill Relative Strength | 91.37 | POSITIVE | KAR has a high relative strength, it outperformed 91.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.37 | NEUTRAL | The RSI value for KAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests KAR has a negative trend. |
| Stochastics (14,3) | 76.16 | NEUTRAL | The Stochastics value for KAR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for KAR suggests some volalility. |
| Average Directional Index/ADX (14) | 46.49 | POSITIVE | The high ADX value value for KAR suggests a strong 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)
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 |
|---|---|---|---|
| 29.18 | 28.67 | 0.51 (1.75%) | 25.00% |
| An entry @29.18. This is a Buy Stop order right above the resistance zone. | An exit @28.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.51 points, which is 1.75%. | For a 0.44% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of KAR. 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.
28.92
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.03%
1 Week-0.86%
2 Weeks1.9%
1 Month18.87%
3 Month26.12%
6 Month29.69%
12 Month66.88%
2 Year85.27%
3 Year98.08%
5 Year66.78%
10 Year106.13%
15 Year530.46%
Volatility
ATR(14)0.5
ATR(20)%2.53%
ATR Inc-21.22%
Range Today0.34
ADR(20)0.68
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.37
Mansfield2.67
10 Day High29.37
10 Day Low27.72
20 Day High29.37
20 Day Low24.15
52 Week High29.37
52 Week Low15.44
CS1 End28.91
CR1 Start29.17
Volume & EV
DER(3)1.69%
DER(5)1.67%
Volume864.70K
Volume Incr-34.59%
Vol(5)626.40K
Vol(50)945.37K