CARMAX INC (KMX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KMX - US1431301027 - Common Stock
We assign a technical rating of 4 out of 10 to KMX. In the past year, KMX 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.
KMX has an average technical rating and it also does not offer a high 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.
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37.76
When analyzing the support we notice one important area.
- A support zone ranging from 38.14 to 38.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 45.00 to 45.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @87.11 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 | DOWN | NEGATIVE | The long term trend for KMX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KMX is up. |
| ChartMill Relative Strength | 14.57 | NEGATIVE | KMX has a low relative strength, it was outperformed by 85.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KMX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KMX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KMX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.14 | OVERBOUGHT | The high RSI value suggests KMX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests KMX has a positive trend. |
| Stochastics (14,3) | 92.83 | OVERBOUGHT | The high Stochastics value suggests KMX may be overbought. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for KMX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for KMX suggests a possible start of a new trend. |
44.7
-0.53 (-1.17%)
CARMAX INC / KMX FAQ
What is the ChartMill technical rating of CARMAX INC (KMX) stock?
ChartMill assigns a technical rating of 4 / 10 to KMX.
What is the trend direction for KMX stock?
The current trend direction for CARMAX INC (KMX) is Bearish.
What is the RSI signal for KMX stock?
CARMAX INC (KMX) has an RSI value of 70.1361. This indicates that the stock is currently overbought.
What is the short term momentum for CARMAX INC (KMX) stock?
The short term momentum for CARMAX INC (KMX) is positive.
What is the support and resistance level for KMX stock?
CARMAX INC (KMX) has a support level at 38.53 and a resistance level at 45. Check the full technical report for our detailed analysis of KMX support and resistance levels.