KENVUE INC (KVUE) Stock Technical Analysis
NYSE:KVUE • US49177J1025
We assign a technical rating of 7 out of 10 to KVUE. Although KVUE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 74% of all other stocks performed better in the past year than KVUE.
- Both the short term and long term trends are positive. This is a very positive sign.
- KVUE is part of the Personal Care Products industry. There are 36 other stocks in this industry. KVUE outperforms 74% of them.
- In the last month KVUE has a been trading in the 17.14 - 19.01 range, which is quite wide. It is currently trading near the high of this range.
- KVUE has an average volume of 47247700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- KVUE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KVUE is lagging the market.
Besides having an excellent technical rating, KVUE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 18.96. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for KVUE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- 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
16.57
We found 4 important support areas.
- A support zone ranging from 18.55 to 18.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.91 to 18.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.40 to 17.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.74 to 16.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 18.96 to 18.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.08 from a horizontal 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 | UP | POSITIVE | The long term trend for KVUE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KVUE is up. |
| ChartMill Relative Strength | 26.64 | NEGATIVE | KVUE has a low relative strength, it was outperformed by 73.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KVUE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KVUE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KVUE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.42 | NEUTRAL | The RSI value for KVUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests KVUE has a positive trend. |
| Stochastics (14,3) | 88.42 | OVERBOUGHT | The high Stochastics value suggests KVUE may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for KVUE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.43 | POSITIVE | The high ADX value value for KVUE suggests a strong trend. |
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 |
|---|---|---|---|
| 18.97 | 18.54 | 0.43 (2.27%) | 25.00% |
| An entry @18.97. This is a Buy Stop order right above the resistance zone. | An exit @18.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.43 points, which is 2.27%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of KVUE. 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.
18.95
+0.23 (+1.23%)
KENVUE INC / KVUE FAQ
What is the technical rating for KVUE stock?
ChartMill assigns a technical rating of 7 / 10 to KVUE.
What is the trend direction for KVUE stock?
The current trend direction for KENVUE INC (KVUE) is Bullish.
What is the RSI signal for KVUE stock?
KENVUE INC (KVUE) has an RSI value of 69.4173. This indicates that the stock is currently neutral.
What is the MACD signal for KENVUE INC (KVUE) stock?
The MACD indicator for KENVUE INC (KVUE) has a value of 0.0550167, indicating a bearish trend.
Can you provide the support and resistance levels for KENVUE INC?
KENVUE INC (KVUE) has a support level at 18.59 and a resistance level at 18.96. Check the full technical report for our detailed analysis of KVUE support and resistance levels.