KRKR Technical Analysis - 36KR HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, KRKR scores 6 out of 10 in our technical rating. In the last year, KRKR was one of the better performers, but we do observe some doubts in the very recent evolution.

KRKR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month KRKR has a been trading in the 6.00 - 8.69 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

KRKR is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. KRKR outperforms 73% of them.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

Looking at the yearly performance, KRKR did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

36KR HOLDINGS INC / KRKR Weekly stock chart

36KR HOLDINGS INC / KRKR Daily stock chart

Setup Rating and Analysis

KRKR has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.49

7.66

When analyzing the support we can see 2 important areas.

Support @5.10 from a trend line in the weekly time frame.
Support @4.54 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @7.58 from a trend line in the weekly time frame.

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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 KRKR is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for KRKR is down.
ChartMill Relative Strength	81.28	POSITIVE	KRKR has a high relative strength, it outperformed 81.28% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of KRKR is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of KRKR is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of KRKR is above the rising SMA(200).
Relative Strength Index/RSI (14)	40.19	NEUTRAL	The RSI value for KRKR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.24	NEGATIVE	The MACD value suggests KRKR has a negative trend.
Stochastics (14,3)	5.12	OVERSOLD	The low Stochastics value suggests KRKR may be oversold.
Average True Range in percent/ATR (20)	10.54	HIGH VOLATILITY	The high ATR as a percentage value for KRKR suggests high volalility.
Average Directional Index/ADX (14)	46.62	POSITIVE	The high ADX value value for KRKR suggests a strong trend.