SPDR S&P REGIONAL BANKING (KRE) Stock Technical Analysis
USA - NYSEARCA:KRE - US78464A6982 - ETF
63.24 USD
-0.39 (-0.61%)
63.33 USD
+0.09 (+0.14%)
We assign a technical rating of 5 out of 10 to KRE. In the last year, KRE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
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 trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so KRE is lagging the market slightly.
In the last month KRE has a been trading in the 62.30 - 66.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
KRE has an average volume of 15752100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, KRE turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
Although the technical rating is only medium, KRE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 63.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for KRE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
50.77
66.16
2 important support areas can be observed.
- A support zone ranging from 62.52 to 63.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 63.28 to 64.07. 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 | 53.75 | NEUTRAL | KRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KRE is below a declining 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) | 45.57 | NEUTRAL | The RSI value for KRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests KRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.62 | NEUTRAL | The Stochastics value for KRE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for KRE suggests low volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for KRE suggests a weak or negative 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)
63.24
-0.39 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.61%
1 Week0.43%
2 Weeks-1.08%
1 Month-2.59%
3 Month0.56%
6 Month28.38%
12 Month8.98%
2 Year59.42%
3 Year-1.11%
5 Year53.68%
10 Year47.65%
15 Year178.96%
Volatility
ATR(14)1.16
ATR(20)%1.92%
ATR Inc-26.67%
Range Today0.8
ADR(20)1.18
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.75
Mansfield-0.69
10 Day High65.02
10 Day Low62.31
20 Day High66.2
20 Day Low62.31
52 Week High70.25
52 Week Low47.06
CS1 End63.24
CR1 Start63.28
Volume & EV
DER(3)2.43%
DER(5)3.28%
Volume16.14M
Volume Incr11.77%
Vol(5)16.91M
Vol(50)15.75M