KAROOOOO LTD (KARO) Stock Technical Analysis
NASDAQ:KARO - SGXZ19450089 - Common Stock
51.8 USD
-0.25 (-0.48%)
51.8 USD
0 (0%)
Taking everything into account, KARO scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, KARO is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month KARO has a been trading in the 45.06 - 54.70 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, KARO turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
KARO is part of the Software industry. There are 280 other stocks in this industry, KARO did better than 65% of them.
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.
Although KARO has an excellent technical rating, it does not present a decent entry opportunity 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
37.91
53.19
We found 5 important support areas.
- A support zone ranging from 48.70 to 49.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.90 to 47.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.91 to 44.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 43.57 to 44.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @52.66 from a horizontal 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 | UP | POSITIVE | The long term trend for KARO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KARO is up. |
| ChartMill Relative Strength | 67.98 | NEUTRAL | KARO is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of KARO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KARO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.6 | NEUTRAL | The RSI value for KARO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests KARO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.96 | NEUTRAL | The Stochastics value for KARO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for KARO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.25 | 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)
51.8
-0.25 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.48%
1 Week1.26%
2 Weeks9.63%
1 Month14.75%
3 Month-11.23%
6 Month20.89%
12 Month34.86%
2 Year160.17%
3 Year117.77%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.47
ATR(20)%2.76%
ATR Inc40.57%
Range Today1.09
ADR(20)1.39
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.98
Mansfield0.45
10 Day High54.71
10 Day Low46.54
20 Day High54.71
20 Day Low45.06
52 Week High63.36
52 Week Low35.51
CS1 End49.37
CR1 Start52.66
Volume & EV
DER(3)-1.54%
DER(5)-0.19%
Volume33.10K
Volume Incr-27.46%
Vol(5)42.40K
Vol(50)60.94K