CARMAX INC (KMX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:KMX • US1431301027
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.
- When comparing the yearly performance of all stocks, KMX is a bad performer in the overall market: 61% of all stocks are doing better.
- KMX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- KMX has an average volume of 3808650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- KMX is an average performer in the Specialty Retail industry, it outperforms 51% of 121 stocks in the same industry.
- In the last month KMX has a been trading in the 43.75 - 49.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, KMX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 48.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.95, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
43.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 45.84 to 46.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.06 to 44.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 48.84 to 48.84. 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 | 39.27 | NEUTRAL | KMX is not amongst the best or worst performers 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) | 58.1 | NEUTRAL | The RSI value for KMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests KMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.47 | NEUTRAL | The Stochastics value for KMX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for KMX suggests some volalility. |
| Average Directional Index/ADX (14) | 29.35 | POSITIVE | The high ADX value value for KMX suggests a strong trend. |
47.17
+1.7 (+3.74%)
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 58.0953. This indicates that the stock is currently neutral.
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 46.95 and a resistance level at 48.84. Check the full technical report for our detailed analysis of KMX support and resistance levels.