KSS ends the day on a bullish note closing near the high of the day


Kohl's Corp. (KSS) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
KSS closes above its opening price after recovering from early selling pressure
KSS ends the day on a bullish note closing near the high of the day
KSS finds buyers again around 61.06
KSS closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 71% Bullish
Technical Forecast:
Overview

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 chart for KSS
Volatility

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.

Price Action

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.

Support/Resistance

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.

Trend

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

Order Flow

Further selling might move prices lower should the market test March's close-by low at 59.92.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Market Conditions for Kohl's Corp.
ConditionForecastDirectionWinAvgWorstBestEvents
Bearish Harami Candle TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
High close to previous High TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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