KORNIT DIGITAL LTD (KRNT) Stock Technical Analysis
NASDAQ:KRNT - Nasdaq - IL0011216723 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to KRNT. KRNT 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.
KRNT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KRNT is lagging the market.
In the last month KRNT has a been trading in the 18.60 - 22.06 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.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, KRNT did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
KRNT is an average performer in the Machinery industry, it outperforms 62% of 128 stocks in the same industry.
The technical rating of KRNT is bad and it also does not present a 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.
More info and screens
16.28
22.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.22 to 18.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.44 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 18.66 to 18.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.54 to 20.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.52 to 21.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @22.67 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 KRNT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KRNT is down. |
| ChartMill Relative Strength | 71.07 | POSITIVE | KRNT has a high relative strength, it outperformed 71.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KRNT is below 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) | 34.33 | NEUTRAL | The RSI value for KRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests KRNT has a negative trend. |
| Stochastics (14,3) | 17.29 | OVERSOLD | The low Stochastics value suggests KRNT may be oversold. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for KRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.89 | NEGATIVE | The low ADX value for KRNT 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)
18.65
-1.37 (-6.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-6.84%
1 Week-14.8%
2 Weeks-13.22%
1 Month-6.7%
3 Month-3.57%
6 Month-35.78%
12 Month26.78%
2 Year-16.22%
3 Year-39.99%
5 Year-69.89%
10 Year52.24%
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%4.45%
ATR Inc37.18%
Range Today1.27
ADR(20)0.81
ADR(20)%4.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.07
Mansfield-2.65
10 Day High22.06
10 Day Low18.6
20 Day High22.06
20 Day Low18.6
52 Week High34.28
52 Week Low13.59
CS1 End18.22
CR1 Start18.66
Volume & EV
DER(3)-1.75%
DER(5)-4.22%
Volume250.00K
Volume Incr-4.44%
Vol(5)192.82K
Vol(50)255.13K