KEX Technical Analysis - KIRBY CORP

Technical Rating and Analysis

Taking everything into account, KEX scores 1 out of 10 in our technical rating. KEX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, KEX is a bad performer in the overall market: 92% of all stocks are doing better.

KEX is part of the Marine Transportation industry. There are 35 other stocks in this industry, of which 70% are performing better than KEX.

KEX 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 KEX has a been trading in the 79.52 - 87.75 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

KEX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 85.58. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

79.15

115.98

When analyzing the support we notice one important area.

A support zone ranging from 79.95 to 79.95. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 85.58 to 86.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @114.83 from a trend line in the weekly time frame.

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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 KEX is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for KEX is neutral.
ChartMill Relative Strength	8.25	NEGATIVE	KEX has a low relative strength, it was outperformed by 91.75% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of KEX is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of KEX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of KEX is below a declining SMA(200).
Relative Strength Index/RSI (14)	50.4	NEUTRAL	The RSI value for KEX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.93	POSITIVE	The MACD value suggests KEX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	87.61	OVERBOUGHT	The high Stochastics value suggests KEX may be overbought.
Average True Range in percent/ATR (20)	2.39	MEDIUM VOLATILITY	The ATR as a percentage value for KEX suggests some volalility.
Average Directional Index/ADX (14)	27.36	POSITIVE	The high ADX value value for KEX suggests a strong trend.