KKR closes 3.82% higher at 21.74

KKR & Co. Inc. Class A (KKR) Technical Analysis Report for Nov 21, 2018 | by Techniquant Editorial Team


KKR finished Wednesday at 21.74 gaining $0.80 (3.82%), notably outperforming the S&P 500 (0.3%) ahead of tomorrow's Thanksgiving market holiday.

Daily Candlestick Chart (KKR as at Nov 21, 2018):

Daily technical analysis candlestick chart for KKR & Co. Inc. Class A (KKR) as at Nov 21, 2018

Wednesday's trading range has been $0.94 (4.44%), that's slightly above the last trading month's daily average range of $0.89. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly lower than usual for KKR.

One bullish candlestick pattern matches today's price action, the White Candle. The last time a White Candle showed up on November 7th, KKR actually lost -1.21% on the following trading day.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Among the two market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "White Candle" stand out. Its common bullish interpretation has been confirmed for KKR & Co.. Out of 442 times, KKR closed higher 55.88% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 55.88% with an average market move of 0.39%.

Market Conditions for KKR as at Nov 21, 2018

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