KENNAMETAL INC (KMT) Stock Technical Analysis
NYSE:KMT • US4891701009
Overall KMT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KMT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, KMT did better than 94% of all other stocks. On top of that, KMT also shows a nice and consistent pattern of rising prices.
- KMT is part of the Machinery industry. There are 132 other stocks in this industry. KMT outperforms 93% of them.
- KMT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so KMT is lagging the market slightly.
- In the last month KMT has a been trading in the 33.19 - 41.74 range, which is quite wide. It is currently trading near the high of this range.
- KMT has an average volume of 1201620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although KMT has an excellent technical rating, it does not present a decent entry opportunity 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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21.54
When analyzing the support we can see 4 important areas.
- Support @34.28 from a horizontal line in the daily time frame.
- Support @33.14 from a trend line in the daily time frame.
- Support @31.58 from a trend line in the daily time frame.
- A support zone ranging from 21.76 to 21.86. 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 | UP | POSITIVE | The long term trend for KMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KMT is up. |
| ChartMill Relative Strength | 94.2 | POSITIVE | KMT has a high relative strength, it outperformed 94.2% 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) | UP | POSITIVE | The current price of KMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.07 | OVERBOUGHT | The high RSI value suggests KMT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests KMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.09 | NEUTRAL | The Stochastics value for KMT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for KMT suggests some volalility. |
| Average Directional Index/ADX (14) | 63.99 | POSITIVE | The high ADX value value for KMT suggests a strong trend. |
39.59
+0.29 (+0.74%)
KENNAMETAL INC / KMT FAQ
What is the ChartMill technical rating of KENNAMETAL INC (KMT) stock?
ChartMill assigns a technical rating of 10 / 10 to KMT.
What is the trend direction for KMT stock?
The current trend direction for KENNAMETAL INC (KMT) is Bullish.
What is the RSI signal for KENNAMETAL INC (KMT) stock?
KENNAMETAL INC (KMT) has an RSI value of 72.0701. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for KENNAMETAL INC?
The buy/sell signal for KENNAMETAL INC (KMT) is buy as both the short term and long term trends are positive.
What is the support and resistance level for KMT stock?
KENNAMETAL INC (KMT) has a support level at 34.28. Check the full technical report for our detailed analysis of KMT support and resistance levels.