KSS closes below its opening price unable to hold early session gains

Kohl's Corp. (KSS) Technical Analysis Report for May 17, 2018

Highlights

KSS closes below its opening price unable to hold early session gains
KSS runs into sellers again around 64.89
KSS closes within previous day's range after lackluster session
KSS ends the day indecisive

TQ Sentiment

Report Sentiment:
37% Bearish
Technical Forecast:
TQ Pro Only
See the overall Technical Analysis forecast for today.

Overview

KSS finished Thursday at 63.72 losing $0.70 (-1.09%). Trading $0.74 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move past the prior 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 KSS

Volatility

Thursday's trading range was $1.57 (2.45%), that's below last trading month's daily average range of $2.04. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.

Price Action

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

Support/Resistance

Prices are trading close to a key support level at 62.70. Prices are trading close to the key resistance level at 64.99. After having been unable to move above 64.99 in the prior session, the share ran into sellers again around the same price level today, failing to move higher than 64.89.

Trend

Kohl's Corp. shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Order Flow

Buying might accelerate should prices move above the close-by swing high at 64.99 where further buy 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 bearish.

Market Conditions for Kohl's Corp.

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