KARAT PACKAGING INC (KRT) Technical Analysis
NASDAQ:KRT • US48563L1017
Current stock price
KRT Technical Rating and Analysis
Overall KRT gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, KRT is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- KRT is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 72% of 48 stocks in the same industry.
- In the last month KRT has a been trading in the 21.95 - 28.30 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, KRT did better than 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- KRT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KRT is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
KRT Weekly and Daily overview Charts
KRT Setup Rating and Analysis
Although KRT has an excellent technical rating, it does not offer a high 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
KRT Support and Resistance Analysis
21.48
5 important support areas can be observed.
- A support zone ranging from 26.59 to 27.01. 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 25.15 to 25.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.05 from a trend line in the weekly time frame.
- A support zone ranging from 22.37 to 22.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.18 to 28.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.50 from a trend line in the weekly time frame.
KRT Technical Indicator Signal Analysis
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 KRT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KRT is up. |
| ChartMill Relative Strength | 76.39 | POSITIVE | KRT has a high relative strength, it outperformed 76.39% 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) | UP | POSITIVE | The current price of KRT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KRT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.61 | NEUTRAL | The RSI value for KRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests KRT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.46 | OVERBOUGHT | The high Stochastics value suggests KRT may be overbought. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for KRT suggests some volalility. |
| Average Directional Index/ADX (14) | 33.07 | POSITIVE | The high ADX value value for KRT suggests a strong trend. |
KRT Chart- and CandleStick Pattern Analysis
KRT Technicals: Chart, Performance Metrics, Trend & Indicators
28.17
+0.46 (+1.66%)
KARAT PACKAGING INC / KRT TA FAQ
Can you provide the ChartMill technical rating for KARAT PACKAGING INC?
ChartMill assigns a technical rating of 8 / 10 to KRT.
What is the trend direction for KRT stock?
The current trend direction for KARAT PACKAGING INC (KRT) is Bullish.
What is the RSI signal for KARAT PACKAGING INC (KRT) stock?
KARAT PACKAGING INC (KRT) has an RSI value of 67.6095. This indicates that the stock is currently neutral.
What is the MACD signal for KARAT PACKAGING INC (KRT) stock?
The MACD indicator for KARAT PACKAGING INC (KRT) has a value of 0.421268, indicating a bearish trend.
What is the buy/sell signal for KRT stock?
The buy/sell signal for KARAT PACKAGING INC (KRT) is buy as both the short term and long term trends are positive.