Roundhill S and P Dividend Monarchs ETF (KNGS) Stock Technical Analysis
NYSEARCA:KNGS - NYSE Arca - US77926X1063 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to KNGS. In the last year, KNGS was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, KNGS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.68, a Stop Loss order could be placed below this zone.
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26.44
3 important support areas can be observed.
- A support zone ranging from 28.58 to 28.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.92 to 28.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 26.71 to 26.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.79 to 28.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.56 to 29.69. 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 KNGS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KNGS is down. |
| ChartMill Relative Strength | 35.94 | NEUTRAL | KNGS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KNGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KNGS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KNGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.91 | NEUTRAL | The RSI value for KNGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests KNGS has a positive trend. |
| Stochastics (14,3) | 43.68 | NEUTRAL | The Stochastics value for KNGS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.6 | LOW VOLATILITY | The low ATR as a percentage value for KNGS suggests low volalility. |
| Average Directional Index/ADX (14) | 11.43 | NEGATIVE | The low ADX value for KNGS suggests a weak or negative trend. |
Roundhill S and P Dividend Monarchs ETF
NYSEARCA:KNGS (11/27/2024, 8:49:50 PM)
28.7
-0.05 (-0.16%)