KS E Fund China Commercial Paper ETF (KCNY) Stock Technical Analysis
NYSEARCA:KCNY - NYSE Arca -
Overall KCNY gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, KCNY is a bad performer.
When comparing the yearly performance of all stocks, KCNY is a bad performer in the overall market: 76% of all stocks are doing better.
Warning: KCNY has an average volume of 503 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.
KCNY 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 KCNY is leading the market.
In the last month KCNY has a been trading in a tight range between 34.83 and 35.70.
Considerably lower volume is observed in the last couple of days.
KCNY has only a medium technical rating, but it does show 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 a support zone below the current price at 35.16, a Stop Loss order could be placed below this zone.
More info and screens
33.45
36.02
We found 2 important support areas.
- A support zone ranging from 34.65 to 35.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.79 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.32 to 35.66. 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 | UP | POSITIVE | The long term trend for KCNY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KCNY is up. |
| ChartMill Relative Strength | 24.66 | NEGATIVE | KCNY has a low relative strength, it was outperformed by 75.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of KCNY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KCNY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KCNY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.41 | NEUTRAL | The RSI value for KCNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests KCNY has a negative trend. |
| Stochastics (14,3) | 66.04 | NEUTRAL | The Stochastics value for KCNY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.43 | LOW VOLATILITY | The low ATR as a percentage value for KCNY suggests low 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)
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 |
|---|---|---|---|
| 35.46 | 35.28 | 0.18 (0.51%) | 25.00% |
| An entry @35.46. This is a Buy Stop order right above the 10 day moving average. | An exit @35.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 0.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%. |
- The distance between exit and entry is rather small compared to the average daily movement of KCNY. 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.
KS E Fund China Commercial Paper ETF
NYSEARCA:KCNY (6/3/2021, 8:04:00 PM)
35.3
-0.09 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.25%
1 Week-0.65%
2 Weeks0.07%
1 Month1.02%
3 Month0.79%
6 Month0.99%
12 Month11.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.43%
ATR Inc-36.38%
Range Today0
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
CRS24.66
Mansfield-1.04
10 Day High35.7
10 Day Low35.28
20 Day High35.7
20 Day Low34.83
52 Week High35.7
52 Week Low30.78
CS1 End35.16
CR1 Start35.32
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-66.62%
Vol(5)145.2
Vol(50)503.14