KELYA Technical Analysis - KELLY SERVICES INC -A

Technical Rating and Analysis

Taking everything into account, KELYA scores 4 out of 10 in our technical rating. In the past year, KELYA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, KELYA is a bad performer in the overall market: 89% of all stocks are doing better.

KELYA is part of the Professional Services industry. There are 82 other stocks in this industry, of which 67% are performing better than KELYA.

KELYA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month KELYA has a been trading in the 11.03 - 12.87 range, which is quite wide. It is currently trading near the high of this range.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

KELLY SERVICES INC -A / KELYA Weekly stock chart

KELLY SERVICES INC -A / KELYA Daily stock chart

Setup Rating and Analysis

KELYA 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.93

13.13

We found 3 important support areas.

A support zone ranging from 12.03 to 12.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @11.39 from a horizontal line in the daily time frame.
A support zone ranging from 11.04 to 11.18. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for KELYA is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for KELYA is up.
ChartMill Relative Strength	11.85	NEGATIVE	KELYA has a low relative strength, it was outperformed by 88.15% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of KELYA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of KELYA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of KELYA is below a declining SMA(200).
Relative Strength Index/RSI (14)	61.58	NEUTRAL	The RSI value for KELYA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests KELYA has a positive trend.
Stochastics (14,3)	81.52	OVERBOUGHT	The high Stochastics value suggests KELYA may be overbought.
Average True Range in percent/ATR (20)	2.76	MEDIUM VOLATILITY	The ATR as a percentage value for KELYA suggests some volalility.
Average Directional Index/ADX (14)	18.69	NEGATIVE	The low ADX value for KELYA suggests a weak or negative trend.