KONTOOR BRANDS INC (KTB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KTB - US50050N1037 - Common Stock
Taking everything into account, KTB scores 3 out of 10 in our technical rating. KTB performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
KTB has a poor technical rating and the quality of the setup is also not perfect 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
53.11
4 important support areas can be observed.
- A support zone ranging from 70.35 to 70.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @68.81 from a horizontal line in the daily time frame.
- Support @57.74 from a trend line in the daily time frame.
- A support zone ranging from 53.65 to 53.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 83.81 to 84.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @86.27 from a horizontal 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 KTB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KTB is neutral. |
| ChartMill Relative Strength | 23.62 | NEGATIVE | KTB has a low relative strength, it was outperformed by 76.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KTB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KTB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KTB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.36 | NEUTRAL | The RSI value for KTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.9 | POSITIVE | The MACD value suggests KTB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.28 | OVERBOUGHT | The high Stochastics value suggests KTB may be overbought. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for KTB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for KTB suggests a weak or negative trend. |
76.2
+0.68 (+0.9%)
KONTOOR BRANDS INC / KTB FAQ
What is the ChartMill technical rating of KONTOOR BRANDS INC (KTB) stock?
ChartMill assigns a technical rating of 3 / 10 to KTB.
What is the current trend direction of KONTOOR BRANDS INC (KTB) stock?
The current trend direction for KONTOOR BRANDS INC (KTB) is Bearish.
What is the RSI signal for KTB stock?
KONTOOR BRANDS INC (KTB) has an RSI value of 53.3592. This indicates that the stock is currently neutral.
What are the support and resistance levels for KONTOOR BRANDS INC (KTB) stock?
KONTOOR BRANDS INC (KTB) has a support level at 70.6 and a resistance level at 83.81. Check the full technical report for our detailed analysis of KTB support and resistance levels.