Kensington Capital Acquisition Corp II Cl A (KCAC) Stock Technical Analysis
NYSE:KCAC - New York Stock Exchange, Inc. -
Taking everything into account, KCAC scores 0 out of 10 in our technical rating. KCAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, KCAC is a bad performer in the overall market: 100% of all stocks are doing better.
KCAC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
In the last month KCAC has a been trading in the 7.28 - 10.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of KCAC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.99
10.39
We can see 2 important resistance areas.
- A resistance zone ranging from 9.76 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.29 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 | NEUTRAL | NEUTRAL | The long term trend for KCAC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KCAC is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | KCAC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KCAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KCAC is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 6.09 | OVERSOLD | The low RSI value suggests KCAC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests KCAC has a negative trend. |
| Stochastics (14,3) | 24.79 | NEUTRAL | The Stochastics value for KCAC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for KCAC suggests some volalility. |
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)
Kensington Capital Acquisition Corp II Cl A
NYSE:KCAC (10/1/2021, 8:04:00 PM)
After market: 8.44 +0.37 (+4.58%)8.07
-0.21 (-2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.54%
1 Week-19.3%
2 Weeks-18.98%
1 Month-18.48%
3 Month-18.89%
6 Month-58.62%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.8%
ATR Inc2292.91%
Range Today0.71
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High10.04
10 Day Low7.28
20 Day High10.04
20 Day Low7.28
52 Week High25.75
52 Week Low7.28
CS1 EndN/A
CR1 Start9.76
Volume & EV
DER(3)-8.35%
DER(5)-5.19%
Volume316.00K
Volume Incr39.57%
Vol(5)476.12K
Vol(50)243.12K