KARAT PACKAGING INC (KRT) Stock Technical Analysis
USA - NASDAQ:KRT - US48563L1017 - Common Stock
Overall KRT gets a technical rating of 1 out of 10. KRT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of KRT is bad and it also does not present a quality setup 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
22.79
We found 1 important support area.
- A support zone ranging from 23.02 to 23.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 24.39 to 25.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.56 to 30.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.18 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for KRT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KRT is down. |
| ChartMill Relative Strength | 18.91 | NEGATIVE | KRT has a low relative strength, it was outperformed by 81.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of KRT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KRT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KRT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.07 | NEUTRAL | The RSI value for KRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests KRT has a negative trend. |
| Stochastics (14,3) | 32.37 | NEUTRAL | The Stochastics value for KRT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for KRT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for KRT suggests a weak or negative trend. |
24.02
+0.15 (+0.63%)
KARAT PACKAGING INC / KRT FAQ
Can you provide the ChartMill technical rating for KARAT PACKAGING INC?
ChartMill assigns a technical rating of 1 / 10 to KRT.
Can you provide the trend direction for KARAT PACKAGING INC?
The current trend direction for KARAT PACKAGING INC (KRT) is Bearish.
What is the RSI signal for KARAT PACKAGING INC (KRT) stock?
KARAT PACKAGING INC (KRT) has an RSI value of 43.0687. This indicates that the stock is currently neutral.
Can you provide the short term momentum for KARAT PACKAGING INC?
The short term momentum for KARAT PACKAGING INC (KRT) is negative.
Can you provide the buy/sell signal for KARAT PACKAGING INC?
The buy/sell signal for KARAT PACKAGING INC (KRT) is sell as both the short term and long term trends are negative.