Wed 13'th Dec 2017

PERIOD 2017-09-14 - 2017-12-13
CHANGE 2.28%
PRICE $98.90
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

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Kadant Inc Stock Analysis

Technical stock analysis for Wed 13'th Dec 2017

Shorts 2.15% ( 2017-11-15 )
Cash 319.5 mill
Loans 481.5 mill
Beta 1.38
ROA 5.99
Sell candidate since 2017-12-07 Loss -4.21%

Kadant Inc gained 2.28% in the last trading day, rising from $96.70 to $98.90 The price has fallen in 6 of the last 10 days and is down by -4.03% for this period. Volume fell in the last day by -26 465 shares, and in total, 58 164 shares bought and sold for approximately $5.75 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

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Trend

Kadant Inc lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $96.82 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.09% during the next 3 months and, with 90% probability hold a price between $103.68 and $125.62 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Tuesday December 12, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Kadant Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $100.51 and $102.92. A break-up above any of these levels will issue buy signals.

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Relative Strength Index (RSI)

RSI14 is 38 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Kadant Inc finds support from accumulated volume at $97.85. On the upside the stock meets some resistance just above today's level from accumulated volume at $99.90, $102.30 and $113.60.

The stock is about to test the resistance from accumulated volume at $99.90 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $97.85 Price: $98.90 Resistance: $99.90

Risk

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 $3.50 (3.63%) between high and low. For the last week, the stock has had a daily average volatility of 3.10%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

The Kadant Inc stock holds several negative signals and despite the positive trend we believe Kadant Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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