KARAT PACKAGING INC (KRT) Stock Technical Analysis
USA - NASDAQ:KRT - US48563L1017 - Common Stock
We assign a technical rating of 2 out of 10 to KRT. In the past year, KRT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, KRT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.14. Right above this resistance zone may be a good entry point.
More info and screens
22.79
2 important support areas can be observed.
- A support zone ranging from 24.37 to 24.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 25.14 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 30.60 to 30.84. 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 | UP | POSITIVE | The short term trend for KRT is up. |
| ChartMill Relative Strength | 20.18 | NEGATIVE | KRT has a low relative strength, it was outperformed by 79.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of KRT is above 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) | 53.89 | NEUTRAL | The RSI value for KRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests KRT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.39 | NEUTRAL | The Stochastics value for KRT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for KRT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.03 | NEUTRAL | The ADX value for KRT suggests a possible start of a new trend. |
24.99
-0.22 (-0.87%)
KARAT PACKAGING INC / KRT FAQ
Can you provide the ChartMill technical rating for KARAT PACKAGING INC?
ChartMill assigns a technical rating of 2 / 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 53.8934. 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 positive.
Can you provide the buy/sell signal for KARAT PACKAGING INC?
The buy/sell signal for KARAT PACKAGING INC (KRT) is hold as the short term and long term trends are mixed.