SS SPDR S&P REGIONAL BANK (KRE) Technical Analysis
NYSEARCA:KRE • US78464A6982
Current stock price
KRE Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to KRE. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- 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 18527000 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 64% of them, which is more or less in line with the market.
KRE Weekly and Daily overview Charts
KRE Setup Rating and Analysis
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. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- 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
KRE Support and Resistance Analysis
52.92
We found 4 important support areas.
- A support zone ranging from 68.83 to 68.88. 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 62.62 to 64.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 58.82 to 59.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.45 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 69.61 to 69.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @71.90 from a horizontal line in the daily time frame.
- A resistance zone ranging from 73.63 to 73.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
KRE Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for KRE is up. |
| ChartMill Relative Strength | 64.77 | 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 | MIXED | The current price of KRE is above a declining 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) | 53.51 | NEUTRAL | The RSI value for KRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests KRE has a negative trend. |
| Stochastics (14,3) | 50.29 | NEUTRAL | The Stochastics value for KRE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for KRE suggests low volalility. |
| Average Directional Index/ADX (14) | 22.33 | NEUTRAL | The ADX value for KRE suggests a possible start of a new trend. |
KRE Chart- and CandleStick Pattern Analysis
KRE Example Setup
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 |
|---|---|---|---|
| 69.72 | 68.82 | 0.90 (1.29%) | 25.00% |
| An entry @69.72. This is a Buy Stop order right above the resistance zone. | An exit @68.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.90 points, which is 1.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- The distance between exit and entry is rather small compared to the average daily movement of KRE. 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.
KRE Technicals: Chart, Performance Metrics, Trend & Indicators
69.03
-1.34 (-1.9%)
SS SPDR S&P REGIONAL BANK / KRE TA FAQ
What is the ChartMill technical rating of SS SPDR S&P REGIONAL BANK (KRE) stock?
ChartMill assigns a technical rating of 6 / 10 to KRE.
What is the current trend direction of SS SPDR S&P REGIONAL BANK (KRE) stock?
The current trend direction for SS SPDR S&P REGIONAL BANK (KRE) is Bullish.
What is the RSI signal for KRE stock?
SS SPDR S&P REGIONAL BANK (KRE) has an RSI value of 53.5076. This indicates that the stock is currently neutral.
What is the buy/sell signal for SS SPDR S&P REGIONAL BANK (KRE) stock?
The buy/sell signal for SS SPDR S&P REGIONAL BANK (KRE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for SS SPDR S&P REGIONAL BANK?
SS SPDR S&P REGIONAL BANK (KRE) has a support level at 68.88 and a resistance level at 69.61. Check the full technical report for our detailed analysis of KRE support and resistance levels.