KRANESHARES CSI CHINA INTERN (KWEB) Stock Technical Analysis
NYSEARCA:KWEB - NYSE Arca - US5007673065 - ETF - Currency: USD
Overall KWEB gets a technical rating of 8 out of 10. Both in the recent history as in the last year, KWEB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that KWEB is one of the better performing stocks in the market, outperforming 73% of all stocks.
In the last month KWEB has a been trading in the 32.39 - 35.34 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.
KWEB has an average volume of 16922300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
KWEB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KWEB is lagging the market.
KWEB 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 very little resistance above the current price. There is a support zone below the current price at 34.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for KWEB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
28.90
39.27
4 important support areas can be observed.
- A support zone ranging from 33.48 to 34.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.30 to 32.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 29.97 to 30.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @29.19 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @35.22 from a horizontal line in the daily time frame.
- Resistance @35.96 from a trend line in the weekly time frame.
- A resistance zone ranging from 38.42 to 38.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 KWEB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KWEB is up. |
| ChartMill Relative Strength | 73.81 | POSITIVE | KWEB has a high relative strength, it outperformed 73.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KWEB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KWEB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KWEB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.84 | NEUTRAL | The RSI value for KWEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests KWEB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.42 | NEUTRAL | The Stochastics value for KWEB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for KWEB suggests low volalility. |
| Average Directional Index/ADX (14) | 8.97 | NEGATIVE | The low ADX value for KWEB 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 |
|---|---|---|---|
| 35.23 | 33.47 | 1.76 (5.00%) | 20.02% |
| An entry @35.23. This is a Buy Stop order right above the resistance zone. | An exit @33.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.76 points, which is 5.00%. | For a 1.00% total portfolio risk, you can invest 20.02% of your capital in this trade. |
- 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.
34.48
+0.14 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.41%
1 Week3.54%
2 Weeks-1.06%
1 Month2.31%
3 Month-1.6%
6 Month16.06%
12 Month27.61%
2 Year28.04%
3 Year5.25%
5 Year-44.33%
10 Year-15.14%
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%1.83%
ATR Inc-56.93%
Range Today0.3
ADR(20)0.46
ADR(20)%1.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.81
Mansfield0.32
10 Day High35.09
10 Day Low33.22
20 Day High35.35
20 Day Low32.39
52 Week High39.17
52 Week Low24.68
CS1 End34.27
CR1 Start35.22
Volume & EV
DER(3)3.78%
DER(5)3%
Volume12.58M
Volume Incr-25.76%
Vol(5)11.97M
Vol(50)16.92M