EASTMAN KODAK CO (KODK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KODK - US2774614067 - Common Stock
Overall KODK gets a technical rating of 9 out of 10. Both in the recent history as in the last year, KODK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, KODK also presents a decent setup pattern. 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 7.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.32, a Stop Loss order could be placed below this zone.
More info and screens
5.50
7 important support areas can be observed.
- A support zone ranging from 7.20 to 7.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.80 to 6.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.38 from a trend line in the weekly time frame.
- Support @6.06 from a trend line in the weekly time frame.
- Support @5.90 from a trend line in the daily time frame.
- Support @5.75 from a horizontal line in the daily time frame.
- Support @5.56 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.82 to 7.83. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for KODK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KODK is up. |
| ChartMill Relative Strength | 84.4 | POSITIVE | KODK has a high relative strength, it outperformed 84.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KODK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KODK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KODK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.46 | NEUTRAL | The RSI value for KODK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests KODK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.4 | NEUTRAL | The Stochastics value for KODK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.08 | HIGH VOLATILITY | The high ATR as a percentage value for KODK suggests high volalility. |
| Average Directional Index/ADX (14) | 23.07 | NEUTRAL | The ADX value for KODK suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.84 | 7.19 | 0.65 (8.29%) | 12.06% |
| An entry @7.84. This is a Buy Stop order right above the resistance zone. | An exit @7.19. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.65 points, which is 8.29%. | For a 1.00% total portfolio risk, you can invest 12.06% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of KODK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.57
-0.07 (-0.92%)
EASTMAN KODAK CO / KODK FAQ
What is the ChartMill technical rating of EASTMAN KODAK CO (KODK) stock?
ChartMill assigns a technical rating of 9 / 10 to KODK.
Can you provide the trend direction for EASTMAN KODAK CO?
The current trend direction for EASTMAN KODAK CO (KODK) is Bullish.
What is the RSI signal for EASTMAN KODAK CO (KODK) stock?
EASTMAN KODAK CO (KODK) has an RSI value of 56.4569. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EASTMAN KODAK CO?
The MACD indicator for EASTMAN KODAK CO (KODK) has a value of 0.00416404, indicating a bearish trend.
Can you provide the short term momentum for EASTMAN KODAK CO?
The short term momentum for EASTMAN KODAK CO (KODK) is positive.