OPENLANE INC (KAR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KAR - US48238T1097 - Common Stock
Taking everything into account, KAR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, KAR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although KAR has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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21.01
When analyzing the support we can see 4 important areas.
- Support @25.98 from a trend line in the weekly time frame.
- Support @25.50 from a trend line in the daily time frame.
- Support @24.17 from a horizontal line in the daily time frame.
- Support @21.22 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 | 89.2 | POSITIVE | KAR has a high relative strength, it outperformed 89.2% 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) | 79.38 | OVERBOUGHT | The high RSI value suggests KAR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests KAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.66 | OVERBOUGHT | The high Stochastics value suggests KAR may be overbought. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for KAR suggests some volalility. |
| Average Directional Index/ADX (14) | 48.8 | POSITIVE | The high ADX value value for KAR suggests a strong trend. |
30.88
+0.11 (+0.36%)
OPENLANE INC / KAR FAQ
Can you provide the ChartMill technical rating for OPENLANE INC?
ChartMill assigns a technical rating of 10 / 10 to KAR.
Can you provide the trend direction for OPENLANE INC?
The current trend direction for OPENLANE INC (KAR) is Bullish.
What is the RSI signal for OPENLANE INC (KAR) stock?
OPENLANE INC (KAR) has an RSI value of 79.3792. This indicates that the stock is currently overbought.
What is the short term momentum for OPENLANE INC (KAR) stock?
The short term momentum for OPENLANE INC (KAR) is positive.
What are the support and resistance levels for OPENLANE INC (KAR) stock?
OPENLANE INC (KAR) has a support level at 25.98. Check the full technical report for our detailed analysis of KAR support and resistance levels.