KSU slips to lowest close since July 25th


Kansas City Southern (KSU) Technical Analysis Report for Aug 10, 2018 [1 min read]
Highlights
KSU closes lower for the 2nd day in a row
KSU breaks below previous session low
KSU falls to lowest close since July 25th
KSU ends the day indecisive
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

Moving lower for the 2nd day in a row, KSU finished the week -0.65% lower at 115.02 after losing $0.66 (-0.57%) today on low volume. Today's closing price of 115.02 marks the lowest close since July 25th. Closing below Thursday's low at 115.37, the share confirms its breakout through the previous session's low having traded $1.11 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for KSU
Volatility

Friday's trading range was $1.28 (1.11%), that's below last trading month's daily average range of $2.19. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average.

Support/Resistance

Prices are trading close to a key support level at 114.17.

Trend

While Kansas City is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.

Order Flow

Buying could speed up should prices move above the nearby swing high at 116.31 where further buy stops might get activated. Selling could accelerate should prices move below the close-by swing low at 114.17 where further sell stops might get triggered. With prices trading close to this year's high at 117.79, upside momentum could speed up should the stock be able to break out to new highs for the year.

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 Kansas City Southern
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
Bearish Bounce off SMA 20 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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