45.03 USD
-0.08 (-0.18%)
45.03 USD
0 (0%)
Taking everything into account, KARO scores 1 out of 10 in our technical rating. KARO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, KARO is a bad performer in the overall market: 72% of all stocks are doing better.
In the last month KARO has a been trading in the 41.25 - 46.45 range, which is quite wide. It is currently trading near the high of this range.
KARO is an average performer in the Software industry, it outperforms 62% of 280 stocks in the same industry.
KARO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KARO is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, KARO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
37.91
59.56
3 important support areas can be observed.
- Support @42.68 from a horizontal line in the weekly time frame.
- A support zone ranging from 41.59 to 41.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 45.04 to 45.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.39 from a horizontal line in the daily time frame.
- Resistance @58.97 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for KARO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KARO is neutral. |
| ChartMill Relative Strength | 28.38 | NEGATIVE | KARO has a low relative strength, it was outperformed by 71.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KARO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KARO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KARO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.74 | NEUTRAL | The RSI value for KARO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests KARO has a positive trend. |
| Stochastics (14,3) | 68.27 | NEUTRAL | The Stochastics value for KARO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for KARO suggests some volalility. |
| Average Directional Index/ADX (14) | 26.94 | POSITIVE | The high ADX value value for KARO 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)
45.03
-0.08 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.18%
1 Week8.25%
2 Weeks-0.18%
1 Month1.1%
3 Month-14.48%
6 Month-18.86%
12 Month0.51%
2 Year80.12%
3 Year76.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.5
ATR(20)%3.47%
ATR Inc-31.21%
Range Today0.91
ADR(20)1.52
ADR(20)%3.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.38
3 months CRS16.58
6 months CRS13.42
Mansfield-1.53
10 Day High45.71
10 Day Low41.25
20 Day High46.45
20 Day Low41.25
52 Week High63.36
52 Week Low35.88
CS1 End42.68
CR1 Start45.04
Volume & EV
DER(3)0%
DER(5)0.75%
Volume16.90K
Volume Incr-24.85%
Vol(5)35.60K
Vol(50)56.77K
KAROOOOO LTD / KARO FAQ
What is the technical rating for KARO stock?
ChartMill assigns a technical rating of 1 / 10 to KARO.
What is the current trend direction of KAROOOOO LTD (KARO) stock?
The current trend direction for KAROOOOO LTD (KARO) is Bearish.
What is the RSI signal for KAROOOOO LTD (KARO) stock?
KAROOOOO LTD (KARO) has an RSI value of 49.7383. This indicates that the stock is currently neutral.
What is the short term momentum for KARO stock?
The short term momentum for KAROOOOO LTD (KARO) is neutral.