KITE REALTY GROUP TRUST (KRG) Stock Technical Analysis
NYSE:KRG - New York Stock Exchange, Inc. - US49803T3005 - REIT - Currency: USD
We assign a technical rating of 5 out of 10 to KRG. KRG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month KRG has a been trading in the 21.83 - 23.19 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
KRG has an average volume of 1803120 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, KRG outperforms 45% of them, which is more or less in line with the market.
KRG is part of the Diversified REITs industry. There are 130 other stocks in this industry, KRG did better than 62% of them.
KRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KRG is lagging the market.
Although the technical rating is only medium, KRG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for KRG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
19.70
23.94
We found 4 important support areas.
- A support zone ranging from 22.37 to 22.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.39 to 21.55. This zone is formed by a combination of multiple trend lines 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.
2 important resistance areas can be observed.
- 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 | UP | POSITIVE | The short term trend for KRG is up. |
| ChartMill Relative Strength | 45.57 | NEUTRAL | KRG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KRG is above the rising 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) | 59.18 | 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. |
| Stochastics (14,3) | 71.84 | NEUTRAL | The Stochastics value for KRG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for KRG suggests low volalility. |
| Average Directional Index/ADX (14) | 9.71 | 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)
23.07
+0.22 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.96%
1 Week1.27%
2 Weeks2.03%
1 Month4.67%
3 Month10.91%
6 Month-7.9%
12 Month3.97%
2 Year0.83%
3 Year15.99%
5 Year133.74%
10 Year-12.61%
15 Year24.3%
Volatility
ATR(14)0.43
ATR(20)%1.92%
ATR Inc-25%
Range Today0.31
ADR(20)0.43
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.57
Mansfield-1.16
10 Day High23.19
10 Day Low22.27
20 Day High23.19
20 Day Low21.83
52 Week High28.24
52 Week Low18.52
CS1 End22.92
CR1 Start23.17
Volume & EV
DER(3)3.66%
DER(5)2.66%
Volume1.21M
Volume Incr35.17%
Vol(5)1.99M
Vol(50)1.80M