SPDR S&P REGIONAL BANKING (KRE) Stock Technical Analysis
NYSEARCA:KRE - NYSE Arca - US78464A6982 - ETF - Currency: USD
Taking everything into account, KRE scores 7 out of 10 in our technical rating. Although KRE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
KRE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
KRE has an average volume of 13102200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, KRE outperforms 60% of them, which is more or less in line with the market.
KRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KRE is lagging the market.
KRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 60.41, a Stop Loss order could be placed below this zone.
More info and screens
50.97
66.16
3 important support areas can be observed.
- A support zone ranging from 59.53 to 60.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.78 to 56.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.48 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 62.43 to 63.60. 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 | UP | POSITIVE | The long term trend for KRE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KRE is neutral. |
| ChartMill Relative Strength | 60.25 | NEUTRAL | KRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of KRE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.17 | NEUTRAL | The RSI value for KRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests KRE has a negative trend. |
| Stochastics (14,3) | 52.31 | NEUTRAL | The Stochastics value for KRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for KRE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.66 | NEUTRAL | The ADX value for KRE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 63.61 | 60.67 | 2.95 (4.63%) | 21.60% |
| An entry @63.61. This is a Buy Stop order right above the resistance zone. | An exit @60.66. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.95 points, which is 4.63%. | For a 1.00% total portfolio risk, you can invest 21.60% of your capital in this trade. |
- 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.
61.93
-0.25 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.4%
1 Week-2.12%
2 Weeks-1.53%
1 Month4.12%
3 Month14.79%
6 Month-2.21%
12 Month4.56%
2 Year27.19%
3 Year-2.9%
5 Year64.8%
10 Year41.98%
15 Year160.54%
Volatility
ATR(14)1.21
ATR(20)%2.05%
ATR Inc8.26%
Range Today1.2
ADR(20)1.23
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.25
Mansfield-0.43
10 Day High64.15
10 Day Low60.68
20 Day High64.15
20 Day Low59.04
52 Week High70.25
52 Week Low47.06
CS1 End60.41
CR1 Start62.43
Volume & EV
DER(3)-4.01%
DER(5)-1.95%
Volume19.31M
Volume Incr-10.08%
Vol(5)14.48M
Vol(50)13.10M