KORNIT DIGITAL LTD (KRNT) Technical Analysis
NASDAQ:KRNT • IL0011216723
Overall KRNT gets a technical rating of 6 out of 10. KRNT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 77% of all other stocks performed better in the past year than KRNT.
- KRNT is part of the Machinery industry. There are 130 other stocks in this industry, of which 70% are performing better than KRNT.
- 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 KRNT has a been trading in the 13.50 - 17.96 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.
- KRNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KRNT is lagging the market.
KRNT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 15.57, a Stop Loss order could be placed below this zone.
More info and screens
12.38
We found 4 important support areas.
- A support zone ranging from 15.15 to 15.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.19 from a horizontal line in the daily time frame.
- Support @13.14 from a trend line in the daily time frame.
- Support @12.50 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @15.98 from a horizontal line in the weekly time frame.
- Resistance @16.68 from a trend 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 | UP | POSITIVE | The short term trend for KRNT is up. |
| ChartMill Relative Strength | 23.5 | NEGATIVE | KRNT has a low relative strength, it was outperformed by 76.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KRNT is above the rising 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) | 56.11 | NEUTRAL | The RSI value for KRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests KRNT has a negative trend. |
| Stochastics (14,3) | 38.77 | NEUTRAL | The Stochastics value for KRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for KRNT suggests high volalility. |
| Average Directional Index/ADX (14) | 32.84 | POSITIVE | The high ADX value value for KRNT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.99 | 15.14 | 0.85 (5.32%) | 18.81% |
| An entry @15.99. This is a Buy Stop order right above the resistance zone. | An exit @15.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.85 points, which is 5.32%. | When investing 18.81% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of KRNT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
KRNT Technicals: Chart, Performance Metrics, Trend & Indicators
15.68
-0.23 (-1.45%)
KORNIT DIGITAL LTD / KRNT FAQ
Can you provide the ChartMill technical rating for KORNIT DIGITAL LTD?
ChartMill assigns a technical rating of 6 / 10 to KRNT.
What is the trend direction for KRNT stock?
The current trend direction for KORNIT DIGITAL LTD (KRNT) is Bearish.
Can you provide the RSI signal for KORNIT DIGITAL LTD?
KORNIT DIGITAL LTD (KRNT) has an RSI value of 56.1129. This indicates that the stock is currently neutral.
Can you provide the short term momentum for KORNIT DIGITAL LTD?
The short term momentum for KORNIT DIGITAL LTD (KRNT) is positive.