KEX Technical Analysis - KIRBY CORP

Technical Rating and Analysis

Overall KEX gets a technical rating of 0 out of 10. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, KEX is a bad performer in the overall market: 93% of all stocks are doing better.

KEX is part of the Marine Transportation industry. There are 35 other stocks in this industry, of which 76% are performing better than KEX.

KEX 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.

KEX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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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 poor technical rating and the quality of the setup is also not perfect 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

81.81

116.83

We found 1 important support area.

Support @82.64 from a horizontal line in the daily time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 83.71 to 84.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 86.39 to 86.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @106.49 from a horizontal line in the daily time frame.
Resistance @115.67 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The short term trend for KEX is down.
ChartMill Relative Strength	7.23	NEGATIVE	KEX has a low relative strength, it was outperformed by 92.77% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of KEX is below a declining 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)	35.66	NEUTRAL	The RSI value for KEX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.51	POSITIVE	The MACD value suggests KEX has a positive trend.
Stochastics (14,3)	34.39	NEUTRAL	The Stochastics value for KEX is a neutral value.
Average True Range in percent/ATR (20)	2.93	MEDIUM VOLATILITY	The ATR as a percentage value for KEX suggests some volalility.
Average Directional Index/ADX (14)	38.81	POSITIVE	The high ADX value value for KEX suggests a strong trend.