KMX Technical Analysis - CARMAX INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to KMX. KMX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

95% of all other stocks performed better in the past year than KMX.

KMX is one of the lesser performing stocks in the Specialty Retail industry. 84% of 122 stocks in the same industry do better.

KMX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month KMX has a been trading in the 42.75 - 62.56 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

KMX has an average volume of 3392700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of KMX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

45.15

87.98

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 57.65 to 60.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @63.53 from a horizontal line in the daily time frame.
Resistance @69.56 from a horizontal line in the daily time frame.
Resistance @87.11 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for KMX is down.
ChartMill Relative Strength	5.18	NEGATIVE	KMX has a low relative strength, it was outperformed by 94.82% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of KMX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of KMX is below a declining 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)	19.8	OVERSOLD	The low RSI value suggests KMX may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.12	NEGATIVE	The MACD value suggests KMX has a negative trend.
Stochastics (14,3)	10.75	OVERSOLD	The low Stochastics value suggests KMX may be oversold.
Average True Range in percent/ATR (20)	5.4	HIGH VOLATILITY	The high ATR as a percentage value for KMX suggests high volalility.
Average Directional Index/ADX (14)	17.59	NEGATIVE	The low ADX value for KMX suggests a weak or negative trend.