KENNAMETAL INC (KMT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KMT - US4891701009 - Common Stock
We assign a technical rating of 9 out of 10 to KMT. Both in the recent history as in the last year, KMT has proven to be a steady performer, scoring decent points in every aspect analyzed.
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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20.05
When analyzing the support we can see 6 important areas.
- A support zone ranging from 28.99 to 29.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.41 to 28.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 21.86 to 21.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.40 from a trend line in the weekly time frame.
- Support @20.77 from a horizontal line in the daily time frame.
- Support @20.25 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 | 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 | 90.12 | POSITIVE | KMT has a high relative strength, it outperformed 90.12% 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) | 71.2 | OVERBOUGHT | The high RSI value suggests KMT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests KMT has a positive trend. |
| Stochastics (14,3) | 82.21 | OVERBOUGHT | The high Stochastics value suggests KMT may be overbought. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for KMT suggests some volalility. |
| Average Directional Index/ADX (14) | 34 | POSITIVE | The high ADX value value for KMT suggests a strong trend. |
30.73
+0.71 (+2.37%)
KENNAMETAL INC / KMT FAQ
What is the ChartMill technical rating of KENNAMETAL INC (KMT) stock?
ChartMill assigns a technical rating of 9 / 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 71.2025. 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 29.36. Check the full technical report for our detailed analysis of KMT support and resistance levels.