KRANESHARES HANG SENG TECH (KTEC) Stock Technical Analysis
NYSEARCA:KTEC - NYSE Arca - US5007675797 - ETF - Currency: USD
Overall KTEC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KTEC is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, KTEC did better than 84% of all other stocks. On top of that, KTEC also shows a nice and consistent pattern of rising prices.
KTEC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so KTEC is lagging the market slightly.
In the last month KTEC has a been trading in the 15.27 - 16.62 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
KTEC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.01, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for KTEC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
12.80
18.58
When analyzing the support we can see 6 important areas.
- A support zone ranging from 15.67 to 16.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.35 to 15.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.95 from a trend line in the weekly time frame.
- Support @14.45 from a horizontal line in the weekly time frame.
- Support @13.62 from a trend line in the daily time frame.
- Support @12.93 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @16.14 from a trend line in the daily time frame.
- Resistance @16.54 from a horizontal line in the daily time frame.
- Resistance @18.40 from a horizontal 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 | UP | POSITIVE | The long term trend for KTEC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KTEC is neutral. |
| ChartMill Relative Strength | 84.84 | POSITIVE | KTEC has a high relative strength, it outperformed 84.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KTEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KTEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KTEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.47 | NEUTRAL | The RSI value for KTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests KTEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.06 | NEUTRAL | The Stochastics value for KTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for KTEC suggests some volalility. |
| Average Directional Index/ADX (14) | 8.16 | NEGATIVE | The low ADX value for KTEC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 16.15 | 15.66 | 0.49 (3.03%) | 25.00% |
| An entry @16.15. This is a Buy Stop order right above the resistance zone. | An exit @15.66. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.49 points, which is 3.03%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- The distance between exit and entry is rather small compared to the average daily movement of KTEC. Please evaluate whether better entry and exit points can be found.
- 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.
16.12
-0.06 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.37%
1 Week4.4%
2 Weeks-1.35%
1 Month1.9%
3 Month-0.37%
6 Month17.11%
12 Month46.15%
2 Year33.39%
3 Year7.25%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%2.14%
ATR Inc-20.12%
Range Today0.31
ADR(20)0.25
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.84
Mansfield0.72
10 Day High16.41
10 Day Low15.37
20 Day High16.62
20 Day Low15.27
52 Week High18.55
52 Week Low10.27
CS1 End16.01
CR1 Start16.14
Volume & EV
DER(3)4.22%
DER(5)7.51%
Volume98.50K
Volume Incr44.32%
Vol(5)65.58K
Vol(50)60.44K