OPENLANE INC (KAR) Technical Analysis
NYSE:KAR • US48238T1097
Current stock price
KAR Technical Rating and Analysis
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!
- When comparing the yearly performance of all stocks, we notice that KAR is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by KAR over the past year are nicely spread over this period.
- KAR is part of the Commercial Services & Supplies industry. There are 82 other stocks in this industry. KAR outperforms 91% of them.
- 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 the 24.96 - 30.98 range, which is quite wide. It is currently trading near the high of this range.
KAR Weekly and Daily overview Charts
KAR Setup Rating and Analysis
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.
More info and screens
KAR Support and Resistance Analysis
21.01
We found 4 important support 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.
KAR 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 | 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 | 90.42 | POSITIVE | KAR has a high relative strength, it outperformed 90.42% 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. |
KAR Chart- and CandleStick Pattern Analysis
KAR Technicals: Chart, Performance Metrics, Trend & Indicators
30.88
+0.11 (+0.36%)
OPENLANE INC / KAR TA FAQ
Can you provide the ChartMill technical rating for OPENLANE INC?
ChartMill assigns a technical rating of 10 / 10 to KAR.
What is the current trend direction of OPENLANE INC (KAR) stock?
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.
Can you provide the MACD signal for OPENLANE INC?
The MACD indicator for OPENLANE INC (KAR) has a value of 0.339647, indicating a bearish trend.
What is the short term momentum for OPENLANE INC (KAR) stock?
The short term momentum for OPENLANE INC (KAR) is positive.