KORE GROUP HOLDINGS INC (KORE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KORE - US50066V3050 - Common Stock
Overall KORE gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KORE is showing a nice and steady performance.
Besides having an excellent technical rating, KORE also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for KORE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.27 to 4.29. 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 4.07 to 4.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.51 from a trend line in the weekly time frame.
- Support @2.23 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @4.51 from a horizontal line in the weekly time frame.
- Resistance @4.61 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 | UP | POSITIVE | The long term trend for KORE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KORE is up. |
| ChartMill Relative Strength | 98.78 | POSITIVE | KORE has a high relative strength, it outperformed 98.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KORE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KORE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KORE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.09 | NEUTRAL | The RSI value for KORE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests KORE has a negative trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for KORE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for KORE suggests high volalility. |
| Average Directional Index/ADX (14) | 30.08 | POSITIVE | The high ADX value value for KORE suggests a strong 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 |
|---|---|---|---|
| 4.52 | 4.26 | 0.26 (5.75%) | 17.38% |
| An entry @4.52. This is a Buy Stop order right above the resistance zone. | An exit @4.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.26 points, which is 5.75%. | For a 1.00% total portfolio risk, you can invest 17.38% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of KORE. 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.
4.43
+0.12 (+2.78%)
KORE GROUP HOLDINGS INC / KORE FAQ
What is the technical rating for KORE stock?
ChartMill assigns a technical rating of 10 / 10 to KORE.
Can you provide the trend direction for KORE GROUP HOLDINGS INC?
The current trend direction for KORE GROUP HOLDINGS INC (KORE) is Bullish.
What is the RSI signal for KORE stock?
KORE GROUP HOLDINGS INC (KORE) has an RSI value of 57.0892. This indicates that the stock is currently neutral.
What is the short term momentum for KORE stock?
The short term momentum for KORE GROUP HOLDINGS INC (KORE) is positive.
Can you provide the buy/sell signal for KORE GROUP HOLDINGS INC?
The buy/sell signal for KORE GROUP HOLDINGS INC (KORE) is buy as both the short term and long term trends are positive.