KRNT Technical Analysis - KORNIT DIGITAL LTD

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to KRNT. KRNT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

96% of all other stocks performed better in the past year than KRNT.

KRNT is one of the lesser performing stocks in the Machinery industry. 89% of 129 stocks in the same industry do better.

KRNT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month KRNT has a been trading in the 13.07 - 15.34 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

KORNIT DIGITAL LTD / KRNT Weekly stock chart

KORNIT DIGITAL LTD / KRNT Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, KRNT does present a nice setup opportunity. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.94

22.90

When analyzing the resistance we notice 6 important areas.

A resistance zone ranging from 14.09 to 14.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @17.74 from a trend line in the weekly time frame.
Resistance @18.19 from a trend line in the daily time frame.
Resistance @20.30 from a trend line in the daily time frame.
Resistance @21.10 from a trend line in the weekly time frame.
Resistance @22.67 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for KRNT is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for KRNT is down.
ChartMill Relative Strength	4.98	NEGATIVE	KRNT has a low relative strength, it was outperformed by 95.02% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of KRNT is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of KRNT is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of KRNT is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.93	NEUTRAL	The RSI value for KRNT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests KRNT has a positive trend.
Stochastics (14,3)	30.79	NEUTRAL	The Stochastics value for KRNT is a neutral value.
Average True Range in percent/ATR (20)	4.31	MEDIUM VOLATILITY	The ATR as a percentage value for KRNT suggests some volalility.
Average Directional Index/ADX (14)	35.34	POSITIVE	The high ADX value value for KRNT suggests a strong trend.