KINETIK HOLDINGS INC (KNTK) Stock Technical Analysis
NYSE:KNTK - New York Stock Exchange, Inc. - US02215L2097 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to KNTK. KNTK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
KNTK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KNTK is lagging the market.
In the last month KNTK has a been trading in the 39.99 - 43.92 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
KNTK has an average volume of 1231040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, KNTK outperforms 54% of them, which is more or less in line with the market.
KNTK is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 59% of 208 stocks in the same industry.
Although the technical rating is bad, KNTK does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 41.17, a Stop Loss order could be placed below this zone.
More info and screens
39.71
47.08
2 important support areas can be observed.
- A support zone ranging from 40.80 to 41.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @45.37 from a horizontal line in the weekly time frame.
- Resistance @46.61 from a horizontal line in the daily 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 KNTK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KNTK is neutral. |
| ChartMill Relative Strength | 54.31 | NEUTRAL | KNTK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of KNTK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KNTK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KNTK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.21 | NEUTRAL | The RSI value for KNTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests KNTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.71 | NEUTRAL | The Stochastics value for KNTK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for KNTK suggests some volalility. |
| Average Directional Index/ADX (14) | 12.87 | NEGATIVE | The low ADX value for KNTK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
42.8
-0.58 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.34%
1 Week3.93%
2 Weeks0.07%
1 Month-2.39%
3 Month2.98%
6 Month-33.57%
12 Month6.23%
2 Year21.9%
3 Year16.08%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%3.1%
ATR Inc14.39%
Range Today1.55
ADR(20)1.25
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.31
Mansfield-1.99
10 Day High43.93
10 Day Low41.07
20 Day High43.93
20 Day Low39.99
52 Week High67.6
52 Week Low37.85
CS1 End41.17
CR1 Start45.37
Volume & EV
DER(3)-4.51%
DER(5)-3.34%
Volume1.13M
Volume Incr-18.45%
Vol(5)1.06M
Vol(50)1.23M