KMX closes within prior day's range


CarMax Inc (KMX) Technical Analysis Report for Oct 12, 2018 | by Techniquant Editorial Team

Highlights

KMX closes within previous day's range

Overview

KMX ended the week -4.27% lower at 67.86 after edging higher $0.01 (0.01%) today, strongly underperforming the S&P 500 (1.42%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range.

Daily Candlestick Chart (KMX as at Oct 12, 2018):

Daily technical analysis candlestick chart for CarMax Inc (KMX) as at Oct 12, 2018

Friday's trading range has been $2.04 (2.96%), that's slightly above the last trading month's daily average range of $1.93. 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 notably higher than usual for KMX.

One bearish candlestick pattern matches today's price action, the Black Candle. The last time a Black Candle showed up on Wednesday, KMX lost -1.11% on the following trading day.

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.


Market Conditions for KMX as at Oct 12, 2018

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