Fri 20'th Jul 2018
Kadant Inc Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||1.51% ( 2018-06-29 )|
Kadant Inc gained 0.36% in the last trading day, rising from $97.55 to $97.90 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 5 of the last 10 days and is up by 2.89% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6 053 more shares were traded than the day before. In total, 33 181 shares bought and sold for approximately $3.25 million.
Given the current horizontal trend you can expect Kadant Inc with 90% probability to be traded between $94.19 and $103.74 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Kadant Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $96.21 and $96.39. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 02, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
Kadant Inc finds support from accumulated volume at $95.95.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.28 (1.31%) between high and low. For the last week, the stock has had a daily average volatility of 1.49%.
Our recommended stoploss: $92.58 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 13 days ago.)
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Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.Click for Top 5 Buy Candidates
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