KAROOOOO LTD (KARO) Stock Technical Analysis
NASDAQ:KARO - Nasdaq - SGXZ19450089 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to KARO. 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 46.53 - 52.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, KARO did better than 75% of all other stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
KARO is an average performer in the Software industry, it outperforms 61% of 281 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.
KARO has a poor technical rating and the quality of the setup is also only medium 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
52.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 46.80 to 46.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.35 from a trend line in the weekly time frame.
- Support @38.29 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 48.49 to 50.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.46 to 51.87. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 75.97 | POSITIVE | KARO has a high relative strength, it outperformed 75.97% 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) | DOWN | NEGATIVE | The current price of KARO is below a declining 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) | 39.88 | NEUTRAL | The RSI value for KARO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests KARO has a negative trend. |
| Stochastics (14,3) | 17.94 | OVERSOLD | The low Stochastics value suggests KARO may be oversold. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for KARO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.81 | NEGATIVE | The low ADX value for KARO suggests a weak or negative 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)
46.81
-1.37 (-2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.84%
1 Week-7.42%
2 Weeks-5.51%
1 Month-4.43%
3 Month6.39%
6 Month1.41%
12 Month28.67%
2 Year85.39%
3 Year74.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.93
ATR(20)%4.16%
ATR Inc-27.12%
Range Today1.46
ADR(20)1.94
ADR(20)%4.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.97
Mansfield-0.31
10 Day High51.63
10 Day Low46.53
20 Day High52.24
20 Day Low46.53
52 Week High63.36
52 Week Low31.59
CS1 End46.8
CR1 Start48.49
Volume & EV
DER(3)2.58%
DER(5)0.77%
Volume73.38K
Volume Incr14.89%
Vol(5)74.36K
Vol(50)81.07K