KITE REALTY GROUP TRUST (KRG) Stock Technical Analysis
NYSE:KRG - New York Stock Exchange, Inc. - US49803T3005 - REIT - Currency: USD
Taking everything into account, KRG scores 2 out of 10 in our technical rating. KRG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month KRG has a been trading in the 21.19 - 23.18 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.
KRG has an average volume of 2043990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, KRG turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
KRG is an average performer in the Diversified REITs industry, it outperforms 64% of 129 stocks in the same industry.
KRG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KRG is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
KRG has a bad technical rating, but it does show 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 22.25, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
19.70
23.94
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.55 to 22.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.49 from a horizontal line in the weekly time frame.
- Support @19.90 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 22.27 to 22.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.17 to 23.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.70 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 KRG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KRG is neutral. |
| ChartMill Relative Strength | 49.77 | NEUTRAL | KRG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of KRG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of KRG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KRG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.14 | NEUTRAL | The RSI value for KRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests KRG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.95 | NEUTRAL | The Stochastics value for KRG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for KRG suggests low volalility. |
| Average Directional Index/ADX (14) | 11.68 | NEGATIVE | The low ADX value for KRG 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)
22.26
-0.21 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-0.93%
1 Week-1.46%
2 Weeks0.63%
1 Month-2.71%
3 Month2.34%
6 Month-15.3%
12 Month1.37%
2 Year-0.36%
3 Year28.74%
5 Year92.89%
10 Year-9.03%
15 Year33.13%
Volatility
ATR(14)0.44
ATR(20)%1.98%
ATR Inc-0.42%
Range Today0.36
ADR(20)0.4
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.77
Mansfield-1.1
10 Day High23.01
10 Day Low21.75
20 Day High23.18
20 Day Low21.19
52 Week High28.24
52 Week Low18.52
CS1 End22.25
CR1 Start22.27
Volume & EV
DER(3)-0.49%
DER(5)-1.37%
Volume978.80K
Volume Incr-22.52%
Vol(5)1.23M
Vol(50)2.04M