MICHAEL KORS HLDGS LTD (KORS) Stock Technical Analysis
NYSE:KORS • VGG607541015
Overall KORS gets a technical rating of 0 out of 10. KORS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 94% of all other stocks performed better in the past year than KORS.
- KORS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- KORS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- KORS has an average volume of 3683300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
The technical rating of KORS 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
35.66
When analyzing the support we notice one important area.
- A support zone ranging from 36.02 to 36.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 37.93 to 37.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @43.45 from a trend line in the daily time frame.
- Resistance @66.02 from a trend 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 KORS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KORS is down. |
| ChartMill Relative Strength | 6.39 | NEGATIVE | KORS has a low relative strength, it was outperformed by 93.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KORS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KORS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KORS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.48 | NEUTRAL | The RSI value for KORS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests KORS has a positive trend. |
| Stochastics (14,3) | 33.95 | NEUTRAL | The Stochastics value for KORS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for KORS suggests some volalility. |
37.92
+0.74 (+1.99%)
MICHAEL KORS HLDGS LTD / KORS FAQ
What is the technical rating for KORS stock?
ChartMill assigns a technical rating of 0 / 10 to KORS.
What is the trend direction for KORS stock?
The current trend direction for MICHAEL KORS HLDGS LTD (KORS) is Bearish.
What is the RSI signal for MICHAEL KORS HLDGS LTD (KORS) stock?
MICHAEL KORS HLDGS LTD (KORS) has an RSI value of 35.4757. This indicates that the stock is currently neutral.
What is the short term momentum for MICHAEL KORS HLDGS LTD (KORS) stock?
The short term momentum for MICHAEL KORS HLDGS LTD (KORS) is negative.
What is the buy/sell signal for MICHAEL KORS HLDGS LTD (KORS) stock?
The buy/sell signal for MICHAEL KORS HLDGS LTD (KORS) is sell as both the short term and long term trends are negative.