KAROOOOO LTD (KARO) Stock Technical Analysis
NASDAQ:KARO - Nasdaq - SGXZ19450089 - Common Stock - Currency: USD
Overall KARO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, KARO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: KARO has an average volume of 22256 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that KARO is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by KARO over the past year are nicely spread over this period.
KARO is part of the Software industry. There are 283 other stocks in this industry. KARO outperforms 89% of them.
KARO 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 KARO is leading the market.
KARO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, KARO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
36.63
53.39
When analyzing the support we can see 6 important areas.
- A support zone ranging from 52.85 to 52.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.34 to 47.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 45.50 to 45.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.90 from a trend line in the weekly time frame.
- Support @38.29 from a horizontal line in the weekly time frame.
- A support zone ranging from 37.00 to 37.31. This zone is formed by a combination of multiple trend lines 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 | 95.26 | POSITIVE | KARO has a high relative strength, it outperformed 95.26% 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) | 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) | 70.65 | OVERBOUGHT | The high RSI value suggests KARO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests KARO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.3 | OVERBOUGHT | The high Stochastics value suggests KARO may be overbought. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for KARO suggests some volalility. |
| Average Directional Index/ADX (14) | 39.56 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.42 | 52.84 | 2.58 (4.66%) | 21.48% |
| An entry @55.42. This is a Buy Stop order right above the 10 day high. | An exit @52.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.58 points, which is 4.66%. | When investing 21.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of KARO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:KARO (5/23/2025, 8:30:19 PM)
52.86
-0.1 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.19%
1 Week-2.97%
2 Weeks16.97%
1 Month24.49%
3 Month13.05%
6 Month27.84%
12 Month79.43%
2 Year135.77%
3 Year109.76%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.54
ATR(20)%4.19%
ATR Inc-29.94%
Range Today1.9
ADR(20)2.18
ADR(20)%4.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.26
Mansfield2.72
10 Day High55.41
10 Day Low43.51
20 Day High55.41
20 Day Low41.49
52 Week High55.41
52 Week Low25.8
CS1 End52.85
CR1 StartN/A
Volume & EV
DER(3)0.56%
DER(5)-0.77%
Volume9.10K
Volume Incr39.34%
Vol(5)24.42K
Vol(50)22.26K