KRANESH CSI CHINA INTERNET (KWEB) Stock Technical Analysis
USA - NYSEARCA:KWEB - US5007673065 - ETF
Taking everything into account, KWEB scores 7 out of 10 in our technical rating. In the last year, KWEB was one of the better performers, but we do observe some doubts in the very recent evolution.
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 a support zone below the current price at 39.73, a Stop Loss order could be placed below this zone.
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36.69
When analyzing the support we can see 3 important areas.
- A support zone ranging from 39.27 to 39.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.41 to 38.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.06 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 40.31 to 40.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 42.66 to 42.95. 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 | DOWN | NEGATIVE | The short term trend for KWEB is down. |
| ChartMill Relative Strength | 81.54 | POSITIVE | KWEB has a high relative strength, it outperformed 81.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KWEB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of KWEB is below 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) | 46.56 | NEUTRAL | The RSI value for KWEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests KWEB has a negative trend. |
| Stochastics (14,3) | 45.98 | NEUTRAL | The Stochastics value for KWEB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for KWEB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.8 | NEUTRAL | The ADX value for KWEB suggests a possible start of a new 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 |
|---|---|---|---|
| 40.40 | 39.26 | 1.14 (2.82%) | 25.00% |
| An entry @40.40. This is a Buy Stop order right above the resistance zone. | An exit @39.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.14 points, which is 2.82%. | For a 0.71% 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 KWEB. 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.
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KRANESH CSI CHINA INTERNET / KWEB FAQ
What is the technical rating for KWEB stock?
ChartMill assigns a technical rating of 7 / 10 to KWEB.
What is the current trend direction of KRANESH CSI CHINA INTERNET (KWEB) stock?
The current trend direction for KRANESH CSI CHINA INTERNET (KWEB) is Bullish.
Can you provide the RSI signal for KRANESH CSI CHINA INTERNET?
KRANESH CSI CHINA INTERNET (KWEB) has an RSI value of 46.5603. This indicates that the stock is currently neutral.
Can you provide the MACD signal for KRANESH CSI CHINA INTERNET?
The MACD indicator for KRANESH CSI CHINA INTERNET (KWEB) has a value of -0.0534612, indicating a bearish trend.
Can you provide the buy/sell signal for KRANESH CSI CHINA INTERNET?
The buy/sell signal for KRANESH CSI CHINA INTERNET (KWEB) is hold as the short term and long term trends are mixed.