EASTMAN KODAK CO (KODK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KODK - US2774614067 - Common Stock
Taking everything into account, KODK scores 2 out of 10 in our technical rating. KODK 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.
- In the last month KODK has a been trading in the 7.10 - 9.13 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.
- KODK is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 79% of 35 stocks in the same industry.
- KODK has an average volume of 1472940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, KODK outperforms 48% of them, which is more or less in line with the market.
- KODK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KODK is lagging the market.
The technical rating of KODK is bad and it also does not present a 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.
More info and screens
5.25
When analyzing the support we can see 5 important areas.
- Support @6.58 from a trend line in the weekly time frame.
- Support @6.10 from a trend line in the daily time frame.
- Support @5.75 from a horizontal line in the daily time frame.
- Support @5.59 from a trend line in the daily time frame.
- Support @5.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.59 to 7.86. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for KODK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KODK is down. |
| ChartMill Relative Strength | 48.92 | NEUTRAL | KODK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KODK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of KODK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KODK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.21 | NEUTRAL | The RSI value for KODK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests KODK has a negative trend. |
| Stochastics (14,3) | 7.84 | OVERSOLD | The low Stochastics value suggests KODK may be oversold. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for KODK suggests some volalility. |
| Average Directional Index/ADX (14) | 21.49 | NEUTRAL | The ADX value for KODK suggests a possible start of a new trend. |
7.13
-0.29 (-3.91%)
EASTMAN KODAK CO / KODK FAQ
What is the ChartMill technical rating of EASTMAN KODAK CO (KODK) stock?
ChartMill assigns a technical rating of 2 / 10 to KODK.
What is the current trend direction of EASTMAN KODAK CO (KODK) stock?
The current trend direction for EASTMAN KODAK CO (KODK) is Bearish.
What is the RSI signal for KODK stock?
EASTMAN KODAK CO (KODK) has an RSI value of 31.2064. This indicates that the stock is currently neutral.
What is the MACD signal for EASTMAN KODAK CO (KODK) stock?
The MACD indicator for EASTMAN KODAK CO (KODK) has a value of -0.166937, indicating a bearish trend.
What is the short term momentum for KODK stock?
The short term momentum for EASTMAN KODAK CO (KODK) is negative.