NYSE:KTB • US50050N1037
Taking everything into account, KTB scores 9 out of 10 in our technical rating. KTB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although KTB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
53.42
We found 3 important support areas.
We can see 3 important resistance areas.
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 | 77.76 | POSITIVE | KTB has a high relative strength, it outperformed 77.76% 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) | 74.89 | OVERBOUGHT | The high RSI value suggests KTB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.16 | POSITIVE | The MACD value suggests KTB has a positive trend. |
| Stochastics (14,3) | 89.1 | OVERBOUGHT | The high Stochastics value suggests KTB may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for KTB suggests some volalility. |
| Average Directional Index/ADX (14) | 34.09 | POSITIVE | The high ADX value value for KTB suggests a strong trend. |
78.79
+0.74 (+0.95%)
ChartMill assigns a technical rating of 9 / 10 to KTB.
The current trend direction for KONTOOR BRANDS INC (KTB) is Bearish.
KONTOOR BRANDS INC (KTB) has an RSI value of 74.8851. This indicates that the stock is currently overbought.
The MACD indicator for KONTOOR BRANDS INC (KTB) has a value of 1.1648, indicating a bullish trend.