KORS finds buyers around 65.02 for the third day in a row


Michael Kors Holdings (KORS) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
KORS finds buyers around 65.02 for the third day in a row
KORS still stuck within tight trading range
KORS closes within previous day's range after lackluster session
KORS ends the day indecisive
TQ Sentiment
Report Sentiment: 25% Bullish
Technical Forecast:
Overview

KORS finished Monday at 65.50 edging higher $0.12 (0.18%). Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for KORS
Volatility

Monday's trading range was $0.83 (1.26%), that's far below last trading month's daily average range of $1.53. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 64.62 and 66.58 which it has been in now for the last trading week.

Price Action

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

Support/Resistance

Prices are trading close to a key support level at 64.77. The share found buyers again today around 65.02 for the third trading day in a row after having found demand at 65.01 in the previous session and at 65.03 two days ago.

Trend

The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Order Flow

Buying might speed up should prices move above the close-by swing high at 66.58 where further buy stops could get triggered. Selling might accelerate should prices move below the nearby swing low at 65.01 where further sell stops could get activated.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Michael Kors Holdings
ConditionForecastDirectionWinAvgWorstBestEvents
Close near high of period TQ Pro Members Only
White Candle TQ Pro Members Only
Bullish Bounce off SMA 20 TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Michael Kors Holdings traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

NATGAS 2.7350.037 1.37%
BTCUSD 7,472.6486.80 1.18%
TBOND 145.4060.594 0.41%
ASX 6,262.7017.60 0.28%
DXY 94.9450.135 0.14%
NKY 22,764.68-29.51 -0.13%
USDJPY 112.47-0.37 -0.33%
HSI 28,010.86-106.56 -0.38%
GOLD 1,222.5-4.8 -0.39%
SPX 2,804.49-11.13 -0.40%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV89.95 -4.45
-4.71%
ACN 10 day candlestick chart for ACN166.89 0.51
0.31%
ADBE 10 day candlestick chart for ADBE257.68 -2.10
-0.81%
AAP 10 day candlestick chart for AAP143.37 3.40
2.43%
AES 10 day candlestick chart for AES13.03 0.30
2.36%
AET 10 day candlestick chart for AET190.04 -1.29
-0.67%
AFL 10 day candlestick chart for AFL42.89 -0.37
-0.86%
AMG 10 day candlestick chart for AMG149.31 -1.94
-1.28%
A 10 day candlestick chart for A64.15 1.16
1.84%
ABT 10 day candlestick chart for ABT63.78 -0.97
-1.50%