KONTOOR BRANDS INC (KTB) Technical Analysis
NYSE:KTB • US50050N1037
Current stock price
KTB Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to KTB. In the past year, KTB was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, KTB did better than 74% of all other stocks.
- In the last month KTB has a been trading in the 65.54 - 75.19 range, which is quite wide. It is currently trading near the high of this range.
- KTB is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 63% of 45 stocks in the same industry.
- KTB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KTB is lagging the market.
KTB Weekly and Daily overview Charts
KTB Setup Rating and Analysis
KTB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 69.67, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
KTB Support and Resistance Analysis
57.97
3 important support areas can be observed.
- A support zone ranging from 67.88 to 69.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.22 to 66.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 58.56 to 59.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @74.00 from a trend line in the weekly time frame.
- A resistance zone ranging from 76.27 to 76.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 78.25 to 78.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @80.53 from a trend line in the weekly time frame.
KTB 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 | NEUTRAL | NEUTRAL | The long term trend for KTB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KTB is up. |
| ChartMill Relative Strength | 74.73 | POSITIVE | KTB has a high relative strength, it outperformed 74.73% 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) | UP | POSITIVE | The current price of KTB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.88 | NEUTRAL | The RSI value for KTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests KTB has a positive trend. |
| Stochastics (14,3) | 68.98 | NEUTRAL | The Stochastics value for KTB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for KTB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.32 | NEGATIVE | The low ADX value for KTB suggests a weak or negative trend. |
KTB Chart- and CandleStick Pattern Analysis
KTB Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 74.01 | 67.87 | 6.14 (8.30%) | 12.05% |
| An entry @74.01. This is a Buy Stop order right above the resistance zone. | An exit @67.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.14 points, which is 8.30%. | For a 1.00% total portfolio risk, you can invest 12.05% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
KTB Technicals: Chart, Performance Metrics, Trend & Indicators
71.92
-0.9 (-1.24%)
KONTOOR BRANDS INC / KTB TA FAQ
What is the ChartMill technical rating of KONTOOR BRANDS INC (KTB) stock?
ChartMill assigns a technical rating of 7 / 10 to KTB.
What is the trend direction for KTB stock?
The current trend direction for KONTOOR BRANDS INC (KTB) is Bearish.
What is the RSI signal for KONTOOR BRANDS INC (KTB) stock?
KONTOOR BRANDS INC (KTB) has an RSI value of 55.8773. This indicates that the stock is currently neutral.
What is the short term momentum for KONTOOR BRANDS INC (KTB) stock?
The short term momentum for KONTOOR BRANDS INC (KTB) is positive.
What is the support and resistance level for KTB stock?
KONTOOR BRANDS INC (KTB) has a support level at 69.67 and a resistance level at 74. Check the full technical report for our detailed analysis of KTB support and resistance levels.