KSS ends the day on a bullish note closing near the high of the day
Kohl's Corporation (KSS) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team
KSS finished Monday at 62.07 gaining $0.73 (1.19%). Trading up to $0.83 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (KSS as at Apr 16, 2018):
Monday's trading range was $1.15 (1.86%), that's far below last trading month's daily average range of $1.95. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
After moving lower in the prior session, the share managed to close higher but below the previous day's open, forming a bullish Harami Candle.
Prices are trading close to a key support level at 60.82. Prices are trading close to the key resistance level at 62.40. After having been unable to move lower than 61.11 in the prior session, Kohl's Corp. found buyers again around the same price level today at 61.06.
Although still in a long-term uptrend, the short and medium-term trends both turned bearish already.
Further selling might move prices lower should the market test March's close-by low at 59.92.