KENSINGTON CAPITAL ACQ-A (KCGI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:KCGI • KYG5251K1031
Taking everything into account, KCGI scores 6 out of 10 in our technical rating. Although KCGI is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 61% of all other stocks performed better in the past year than KCGI.
- The long and short term trends are both positive. This is looking good!
- KCGI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month KCGI has a been trading in a tight range between 11.09 and 11.19.
- Considerably lower volume is observed in the last couple of days.
KCGI has an average technical rating and the quality of the presented setup is also not ideal 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
10.41
We found 2 important support areas.
- A support zone ranging from 11.03 to 11.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.52 to 10.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.18 to 11.20. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for KCGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KCGI is up. |
| ChartMill Relative Strength | 39.79 | NEUTRAL | KCGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KCGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KCGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KCGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.77 | NEUTRAL | The RSI value for KCGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests KCGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.81 | OVERBOUGHT | The high Stochastics value suggests KCGI may be overbought. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for KCGI suggests low volalility. |
| Average Directional Index/ADX (14) | 58.69 | POSITIVE | The high ADX value value for KCGI suggests a strong trend. |
NYSE:KCGI (8/13/2024, 8:16:39 PM)
11.17
0 (0%)
KENSINGTON CAPITAL ACQ-A / KCGI FAQ
What is the technical rating for KCGI stock?
ChartMill assigns a technical rating of 6 / 10 to KCGI.
What is the trend direction for KCGI stock?
The current trend direction for KENSINGTON CAPITAL ACQ-A (KCGI) is Bullish.
What is the RSI signal for KCGI stock?
KENSINGTON CAPITAL ACQ-A (KCGI) has an RSI value of 66.7653. This indicates that the stock is currently neutral.
What is the short term momentum for KENSINGTON CAPITAL ACQ-A (KCGI) stock?
The short term momentum for KENSINGTON CAPITAL ACQ-A (KCGI) is positive.
What is the buy/sell signal for KCGI stock?
The buy/sell signal for KENSINGTON CAPITAL ACQ-A (KCGI) is buy as both the short term and long term trends are positive.