KENNAMETAL INC (KMT) Stock Technical Analysis
USA - NYSE:KMT - US4891701009 - Common Stock
We assign a technical rating of 4 out of 10 to KMT. In the past year, KMT 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.
KMT 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. There is a resistance zone just above the current price starting at 22.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.86, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.77
We found 2 important support areas.
- A support zone ranging from 21.23 to 21.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.97 to 20.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @22.23 from a horizontal line in the daily time frame.
- Resistance @24.02 from a trend line in the weekly time frame.
- Resistance @25.36 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for KMT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KMT is up. |
| ChartMill Relative Strength | 18.78 | NEGATIVE | KMT has a low relative strength, it was outperformed by 81.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KMT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.17 | NEUTRAL | The RSI value for KMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests KMT has a positive trend. |
| Stochastics (14,3) | 85.92 | OVERBOUGHT | The high Stochastics value suggests KMT may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for KMT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.49 | NEGATIVE | The low ADX value for KMT suggests a weak or negative trend. |
22.16
-0.07 (-0.31%)