KONTOOR BRANDS INC (KTB) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:KTB • US50050N1037
Taking everything into account, KTB scores 1 out of 10 in our technical rating. KTB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 85% of all other stocks performed better in the past year than KTB.
- KTB is one of the lesser performing stocks in the Textiles, Apparel & Luxury Goods industry. 81% of 45 stocks in the same industry do better.
- KTB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month KTB has a been trading in the 56.19 - 63.45 range, which is quite wide. It is currently trading near the high of this range.
KTB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 62.38. Right above this resistance zone may be a good entry point.
More info and screens
53.42
We found 2 important support areas.
- Support @57.47 from a horizontal line in the daily time frame.
- A support zone ranging from 53.96 to 54.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 62.38 to 62.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @68.29 from a trend line in the daily time frame.
- Resistance @82.17 from a trend 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 KTB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KTB is neutral. |
| ChartMill Relative Strength | 15.14 | NEGATIVE | KTB has a low relative strength, it was outperformed by 84.86% 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) | UP | MIXED | The current price of KTB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.98 | NEUTRAL | The RSI value for KTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests KTB has a positive trend. |
| Stochastics (14,3) | 81.75 | OVERBOUGHT | The high Stochastics value suggests KTB may be overbought. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for KTB suggests some volalility. |
| Average Directional Index/ADX (14) | 33.76 | POSITIVE | The high ADX value value for KTB suggests a strong trend. |
62.37
+1.08 (+1.76%)
KONTOOR BRANDS INC / KTB FAQ
What is the ChartMill technical rating of KONTOOR BRANDS INC (KTB) stock?
ChartMill assigns a technical rating of 1 / 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 KTB stock?
KONTOOR BRANDS INC (KTB) has an RSI value of 53.9763. This indicates that the stock is currently neutral.
Can you provide the MACD signal for KONTOOR BRANDS INC?
The MACD indicator for KONTOOR BRANDS INC (KTB) has a value of 0.698683, indicating a bearish trend.