KRANESH KWEB COV CAL STR ETF (KLIP) Stock Technical Analysis
NYSEARCA:KLIP - NYSE Arca - US5007672729 - ETF - Currency: USD
Taking everything into account, KLIP scores 1 out of 10 in our technical rating. KLIP 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.
81% of all other stocks performed better in the past year than KLIP.
KLIP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KLIP is lagging the market.
In the last month KLIP has a been trading in a tight range between 30.79 and 31.94.
The technical rating of KLIP is bad and it also does not present a quality setup 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
30.27
34.55
2 important support areas can be observed.
- A support zone ranging from 31.18 to 31.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @30.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.50 to 31.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.31 from a trend line in the daily time frame.
- A resistance zone ranging from 33.30 to 34.21. 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 | DOWN | NEGATIVE | The long term trend for KLIP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KLIP is neutral. |
| ChartMill Relative Strength | 19.22 | NEGATIVE | KLIP has a low relative strength, it was outperformed by 80.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of KLIP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of KLIP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KLIP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.13 | NEUTRAL | The RSI value for KLIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests KLIP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.71 | NEUTRAL | The Stochastics value for KLIP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.8 | LOW VOLATILITY | The low ATR as a percentage value for KLIP suggests low volalility. |
| Average Directional Index/ADX (14) | 13.6 | NEGATIVE | The low ADX value for KLIP suggests a weak or negative trend. |
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)
31.47
+0.31 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.99%
1 Week-1.04%
2 Weeks-1.26%
1 Month0.68%
3 Month-6.06%
6 Month-3.67%
12 Month-24.53%
2 Year-43.6%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%0.8%
ATR Inc65.38%
Range Today0.25
ADR(20)0.2
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.22
Mansfield-1.29
10 Day High31.93
10 Day Low30.79
20 Day High31.94
20 Day Low30.79
52 Week High42.33
52 Week Low27.06
CS1 End31.27
CR1 Start31.5
Volume & EV
DER(3)7.4%
DER(5)4.88%
Volume21.20K
Volume Incr15.87%
Vol(5)26.50K
Vol(50)37.94K