OPENLANE INC (KAR)

US48238T1097 - Common Stock

17.42  +0.04 (+0.23%)

After market: 17.42 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, KAR scores 10 out of 10 in our technical rating. 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 86% of all other stocks.
KAR is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 71% of 84 stocks in the same industry.
KAR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so KAR is leading the market.
In the last month KAR has a been trading in a tight range between 16.83 and 17.70.

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Weekly and Daily overview Charts
KAR Weekly chart
KAR Daily chart
Setup Rating and Analysis

9

KAR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 17.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.34, 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.

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Support and Resistance Analysis

12.66

17.74

5 important support areas can be observed.

  • A support zone ranging from 16.99 to 17.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @15.12 from a trend line in the weekly time frame.
  • Support @14.68 from a horizontal line in the daily time frame.
  • A support zone ranging from 14.04 to 14.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @12.79 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 17.48 to 17.56. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.4
Mansfield0.35
10 Day High17.68
10 Day Low16.83
20 Day High17.7
20 Day Low16.83
52 Week High17.7
52 Week Low12.86
Performance
1 Week2.53%
2 Weeks-0.34%
1 Month0.69%
3 Month19.73%
6 Month32.67%
12 Month28.66%
2 Year18.83%
3 Year16.21%
5 Year-18.58%
10 Year54.43%
15 YearN/A

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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)

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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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)60.48
LBB16.92
UBB17.69

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
17.5716.980.59 (3.36%)25.00%
An entry @17.57. This is a Buy Stop order right above the resistance zone.An exit @16.98. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.59 points, which is 3.36%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%.

  • 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.

More info and screens

KAR Daily chart

OPENLANE INC

NYSE:KAR (4/26/2024, 7:04:00 PM)

After market: 17.42 0 (0%)

17.42

+0.04 (+0.23%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.23%
1 Week2.53%
2 Weeks-0.34%
1 Month0.69%
3 Month19.73%
6 Month32.67%
12 Month28.66%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.37
ATR(20)%2.13%
ATR Inc
Range Today0.2
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High17.68
10 Day Low16.83
20 Day High17.7
20 Day Low16.83
52 Week High17.7
52 Week Low12.86
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume452.70K
Volume Incr9.49%
Vol(5)843.16K
Vol(50)825.31K