KTB Technical Analysis - KONTOOR BRANDS INC

Technical Rating and Analysis

Taking everything into account, KTB scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, KTB has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

KTB is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry. KTB outperforms 74% of them.

KTB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so KTB is lagging the market slightly.

In the last month KTB has a been trading in the 73.81 - 86.40 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, KTB did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

KONTOOR BRANDS INC / KTB Weekly stock chart

KONTOOR BRANDS INC / KTB Daily stock chart

Setup Rating and Analysis

Although KTB 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

53.11

92.77

4 important support areas can be observed.

A support zone ranging from 76.32 to 76.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 74.33 to 74.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @56.61 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 found 1 important resistance area.

Resistance @91.85 from a horizontal line in the weekly time frame.

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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 KTB is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for KTB is up.
ChartMill Relative Strength	80.42	POSITIVE	KTB has a high relative strength, it outperformed 80.42% 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)	UP	POSITIVE	The current price of KTB is above the rising 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)	59.34	NEUTRAL	The RSI value for KTB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.33	POSITIVE	The MACD value suggests KTB has a positive trend.
Stochastics (14,3)	92.53	OVERBOUGHT	The high Stochastics value suggests KTB may be overbought.
Average True Range in percent/ATR (20)	3.2	MEDIUM VOLATILITY	The ATR as a percentage value for KTB suggests some volalility.
Average Directional Index/ADX (14)	24.6	NEUTRAL	The ADX value for KTB suggests a possible start of a new trend.