Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE 0.55%
PRICE $100.50
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Kadant Inc Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Buy candidate since 2017-10-04 Gain 4.04%

Kadant Inc gained 0.55% in the last trading day, rising from $99.95 to $100.50 , 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 7 of the last 10 days and is up by 2.76% over the past 2 weeks. Volume fell in the last day by -16 137 shares, and in total, 36 710 shares bought and sold for approximately $3.69 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.

Trend

Kadant Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.08% during the next 3 months and, with 90% probability hold a price between $124.95 and $139.35 at the end of this period.

Signals

Only positive signals in the chart today. Kadant Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $99.81 and $94.91. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 17, 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.

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $94.30 and $88.30. On the upside the stock meets some resistance just above today's level from accumulated volume at $100.55.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kadant Inc finds support just below today's level at $94.30. If this is broken, then the next support from accumulated volume will be at $88.30 and $77.15. The stock is about to test the resistance from accumulated volume at $100.55 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $94.30 Price: $100.50 Resistance: $100.55

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 $1.55 (1.57%) between high and low. For the last week, the stock has had a daily average volatility of 1.70%.

Our recommended stoploss: $95.48 (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, 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.

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