KONTOOR BRANDS INC (KTB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KTB - US50050N1037 - Common Stock
Overall KTB gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, KTB is a bad performer in the overall market: 91% of all stocks are doing better.
- KTB is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, of which 88% are performing better than KTB.
- 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 58.10 - 67.50 range, which is quite wide. It is currently trading near the lows of this range.
KTB has a poor technical rating and the quality of the setup is also not perfect 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
3 important support areas can be observed.
- Support @58.60 from a trend line in the daily time frame.
- Support @56.67 from a trend line in the daily time frame.
- A support zone ranging from 53.65 to 54.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 61.84 to 61.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @71.45 from a trend line in the daily time frame.
- Resistance @82.72 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 | DOWN | NEGATIVE | The short term trend for KTB is down. |
| ChartMill Relative Strength | 9.81 | NEGATIVE | KTB has a low relative strength, it was outperformed by 90.19% 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 | NEGATIVE | The current price of KTB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.44 | NEUTRAL | The RSI value for KTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests KTB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 15.27 | OVERSOLD | The low Stochastics value suggests KTB may be oversold. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for KTB suggests some volalility. |
| Average Directional Index/ADX (14) | 39.7 | POSITIVE | The high ADX value value for KTB suggests a strong trend. |
58.88
-0.61 (-1.03%)
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 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 33.4443. 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 0.12569, indicating a bearish trend.
Can you provide the buy/sell signal for KONTOOR BRANDS INC?
The buy/sell signal for KONTOOR BRANDS INC (KTB) is sell as both the short term and long term trends are negative.