OPENLANE INC (KAR) Stock Technical Analysis
NYSE:KAR - New York Stock Exchange, Inc. - US48238T1097 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
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 part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry. KAR outperforms 87% of them.
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.
In the last month KAR has a been trading in the 24.10 - 29.13 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although KAR has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.07
28.26
5 important support areas can be observed.
- A support zone ranging from 24.17 to 24.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.21 from a horizontal line in the daily time frame.
- Support @19.53 from a trend line in the weekly time frame.
- Support @18.96 from a trend line in the daily time frame.
- Support @18.25 from a trend line in the weekly 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 | 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 | 91.14 | POSITIVE | KAR has a high relative strength, it outperformed 91.14% 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) | 69.92 | NEUTRAL | The RSI value for KAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests KAR has a positive trend. |
| Stochastics (14,3) | 83.49 | OVERBOUGHT | The high Stochastics value suggests KAR may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for KAR suggests some volalility. |
| Average Directional Index/ADX (14) | 36.74 | 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)
27.98
-0.02 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.07%
1 Week15%
2 Weeks12.64%
1 Month12.14%
3 Month27.41%
6 Month35.37%
12 Month64.59%
2 Year79.24%
3 Year91.64%
5 Year61.36%
10 Year99.43%
15 Year509.97%
Volatility
ATR(14)0.8
ATR(20)%2.49%
ATR Inc12.95%
Range Today0.31
ADR(20)0.65
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.14
Mansfield2.69
10 Day High29.13
10 Day Low24.1
20 Day High29.13
20 Day Low24.1
52 Week High29.13
52 Week Low15.44
CS1 End24.52
CR1 StartN/A
Volume & EV
DER(3)3.1%
DER(5)1.93%
Volume1.04M
Volume Incr75.59%
Vol(5)1.62M
Vol(50)948.11K