IQ Australia Small Cap ETF (KROO) Technical Analysis
NYSEARCA:KROO
Overall KROO gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KROO is showing a nice and steady performance.
- Warning: KROO has an average volume of 2174 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, KROO did better than 72% of all other stocks. We also observe that the gains produced by KROO over the past year are nicely spread over this period.
- KROO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so KROO is performing more or less in line with the market.
- In the last month KROO has a been trading in a tight range between 19.02 and 20.00.
Although KROO has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
17.04
3 important support areas can be observed.
- A support zone ranging from 19.46 to 19.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.19 to 18.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.21 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.92 to 20.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 20.46 to 20.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 KROO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KROO is up. |
| ChartMill Relative Strength | 72.74 | POSITIVE | KROO has a high relative strength, it outperformed 72.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KROO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KROO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KROO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.26 | NEUTRAL | The RSI value for KROO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests KROO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.82 | OVERBOUGHT | The high Stochastics value suggests KROO may be overbought. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for KROO suggests low volalility. |
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 |
|---|---|---|---|
| 20.12 | 19.45 | 0.67 (3.33%) | 25.00% |
| An entry @20.12. This is a Buy Stop order right above the resistance zone. | An exit @19.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.67 points, which is 3.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- 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.
KROO Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:KROO (3/16/2018, 8:26:52 PM)
19.82
-0.09 (-0.45%)
IQ Australia Small Cap ETF / KROO FAQ
What is the ChartMill technical rating of IQ Australia Small Cap ETF (KROO) stock?
ChartMill assigns a technical rating of 9 / 10 to KROO.
What is the current trend direction of IQ Australia Small Cap ETF (KROO) stock?
The current trend direction for IQ Australia Small Cap ETF (KROO) is Bullish.
What is the RSI signal for IQ Australia Small Cap ETF (KROO) stock?
IQ Australia Small Cap ETF (KROO) has an RSI value of 55.2597. This indicates that the stock is currently neutral.
Can you provide the short term momentum for IQ Australia Small Cap ETF?
The short term momentum for IQ Australia Small Cap ETF (KROO) is positive.
Can you provide the support and resistance levels for IQ Australia Small Cap ETF?
IQ Australia Small Cap ETF (KROO) has a support level at 19.78 and a resistance level at 19.92. Check the full technical report for our detailed analysis of KROO support and resistance levels.