KONTOOR BRANDS INC (KTB) Stock Technical Analysis
USA - NYSE:KTB - US50050N1037 - Common Stock
We assign a technical rating of 0 out of 10 to KTB. KTB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of KTB is bad and it also does not present a 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
53.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 72.17 to 72.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.11 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 76.86 to 78.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @85.43 from a trend 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 | DOWN | NEGATIVE | The short term trend for KTB is down. |
| ChartMill Relative Strength | 26.5 | NEGATIVE | KTB has a low relative strength, it was outperformed by 73.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KTB is below a declining 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) | 36 | NEUTRAL | The RSI value for KTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.46 | NEGATIVE | The MACD value suggests KTB has a negative trend. |
| Stochastics (14,3) | 19.52 | OVERSOLD | The low Stochastics value suggests KTB may be oversold. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for KTB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for KTB suggests a possible start of a new trend. |
72.18
-0.16 (-0.22%)
KONTOOR BRANDS INC / KTB FAQ
What is the ChartMill technical rating of KONTOOR BRANDS INC (KTB) stock?
ChartMill assigns a technical rating of 0 / 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 35.9971. 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 72.17 and a resistance level at 76.86. Check the full technical report for our detailed analysis of KTB support and resistance levels.