KAROOOOO LTD (KARO) Stock Technical Analysis
NASDAQ:KARO - Nasdaq - SGXZ19450089 - Common Stock - Currency: USD
Overall KARO gets a technical rating of 7 out of 10. KARO was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month KARO has a been trading in the 45.20 - 63.36 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, KARO did better than 88% of all other stocks. On top of that, KARO also shows a nice and consistent pattern of rising prices.
KARO is part of the Software industry. There are 284 other stocks in this industry. KARO outperforms 81% of them.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
KARO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KARO is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although KARO 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
36.63
49.00
When analyzing the support we can see 5 important areas.
- Support @47.33 from a horizontal line in the weekly time frame.
- A support zone ranging from 45.50 to 46.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @40.88 from a trend line in the weekly time frame.
- Support @38.29 from a horizontal line in the weekly time frame.
- Support @37.00 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.35 to 48.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for KARO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KARO is down. |
| ChartMill Relative Strength | 88.84 | POSITIVE | KARO has a high relative strength, it outperformed 88.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KARO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of KARO is below 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) | 41.69 | NEUTRAL | The RSI value for KARO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.68 | NEGATIVE | The MACD value suggests KARO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.66 | OVERSOLD | The low Stochastics value suggests KARO may be oversold. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for KARO suggests high volalility. |
| Average Directional Index/ADX (14) | 42.41 | 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)
47.34
+0.06 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.13%
1 Week-0.8%
2 Weeks-18.18%
1 Month-11.46%
3 Month9.58%
6 Month1.15%
12 Month43.89%
2 Year102.31%
3 Year120.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.86
ATR(20)%7.21%
ATR Inc-38.79%
Range Today2.98
ADR(20)2.96
ADR(20)%6.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.84
Mansfield0.74
10 Day High60.95
10 Day Low45.2
20 Day High63.36
20 Day Low45.2
52 Week High63.36
52 Week Low25.8
CS1 End47.33
CR1 Start47.35
Volume & EV
DER(3)-4.23%
DER(5)-3.43%
Volume126.30K
Volume Incr78.34%
Vol(5)146.62K
Vol(50)55.81K