KRANESH CSI CHINA INTERNET (KWEB) Stock Technical Analysis
USA - NYSEARCA:KWEB - US5007673065 - ETF
42.65 USD
-0.29 (-0.68%)
42.63 USD
-0.02 (-0.05%)
Taking everything into account, KWEB scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, KWEB is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
KWEB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month KWEB has a been trading in the 38.61 - 43.37 range, which is quite wide. It is currently trading near the high of this range.
KWEB has an average volume of 19928100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that KWEB is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although KWEB has an excellent technical rating, the quality of the presented setup is not ideal 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
28.87
43.38
We found 5 important support areas.
- A support zone ranging from 40.61 to 41.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.96 from a trend line in the daily time frame.
- Support @35.22 from a trend line in the weekly time frame.
- Support @32.93 from a horizontal line in the daily time frame.
- Support @29.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The short term trend for KWEB is up. |
| ChartMill Relative Strength | 79.66 | POSITIVE | KWEB has a high relative strength, it outperformed 79.66% 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) | 66.03 | NEUTRAL | The RSI value for KWEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests KWEB has a negative trend. |
| Stochastics (14,3) | 82.89 | OVERBOUGHT | The high Stochastics value suggests KWEB may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for KWEB suggests low volalility. |
| Average Directional Index/ADX (14) | 32.1 | POSITIVE | The high ADX value value for KWEB suggests a strong 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)
42.65
-0.29 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.68%
1 Week3.85%
2 Weeks2.23%
1 Month10.95%
3 Month26.82%
6 Month36.22%
12 Month11.04%
2 Year63.72%
3 Year122.14%
5 Year-40.62%
10 Year17.72%
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%1.84%
ATR Inc-9.07%
Range Today0.5
ADR(20)0.55
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.66
Mansfield1.26
10 Day High43.37
10 Day Low40.6
20 Day High43.37
20 Day Low38.61
52 Week High43.37
52 Week Low27.27
CS1 End41.98
CR1 Start42.66
Volume & EV
DER(3)1.99%
DER(5)1.68%
Volume17.93M
Volume Incr-14.3%
Vol(5)19.20M
Vol(50)19.93M