SS SPDR S&P REGIONAL BANK (KRE) Stock Technical Analysis
USA - NYSEARCA:KRE - US78464A6982 - ETF
Taking everything into account, KRE scores 1 out of 10 in our technical rating. KRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, KRE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 62.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.53, a Stop Loss order could be placed below this zone.
More info and screens
51.06
2 important support areas can be observed.
- A support zone ranging from 58.13 to 60.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.58 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 62.75 to 62.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @65.50 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 | NEUTRAL | NEUTRAL | The long term trend for KRE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KRE is down. |
| ChartMill Relative Strength | 36.15 | NEUTRAL | KRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KRE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.29 | NEUTRAL | The RSI value for KRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests KRE has a positive trend. |
| Stochastics (14,3) | 57.99 | NEUTRAL | The Stochastics value for KRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for KRE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.33 | NEGATIVE | The low ADX value for KRE suggests a weak or negative trend. |
61.01
+0.85 (+1.41%)
SS SPDR S&P REGIONAL BANK / KRE FAQ
What is the ChartMill technical rating of SS SPDR S&P REGIONAL BANK (KRE) stock?
ChartMill assigns a technical rating of 1 / 10 to KRE.
What is the trend direction for KRE stock?
The current trend direction for SS SPDR S&P REGIONAL BANK (KRE) is Bearish.
Can you provide the RSI signal for SS SPDR S&P REGIONAL BANK?
SS SPDR S&P REGIONAL BANK (KRE) has an RSI value of 49.2851. This indicates that the stock is currently neutral.
What is the MACD signal for SS SPDR S&P REGIONAL BANK (KRE) stock?
The MACD indicator for SS SPDR S&P REGIONAL BANK (KRE) has a value of 0.143977, indicating a bearish trend.
What is the support and resistance level for KRE stock?
SS SPDR S&P REGIONAL BANK (KRE) has a support level at 60.53 and a resistance level at 62.75. Check the full technical report for our detailed analysis of KRE support and resistance levels.