KSU closes above its opening price after recovering from early selling pressure

Kansas City Southern (KSU) Technical Analysis Report for Sep 14, 2018

Highlights

KSU closes above its opening price after recovering from early selling pressure
KSU pushes through 20-day moving average
KSU finds support at 20-day moving average
KSU finds buyers again around 116.23
KSU closes within previous day's range after lackluster session

TQ Sentiment

Report Sentiment: 66% Bullish
Technical Forecast:

Overview

KSU finished the week -0.7% lower at 117.24 after gaining $0.57 (0.49%) today on low volume. Trading up to $0.95 lower after the open, the share 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 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 $1.70 (1.45%), that's below last trading month's daily average range of $2.17. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Price Action

After moving lower in the prior session, Kansas City 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 116.22. Prices are trading close to the key resistance level at 118.55. After having been unable to move lower than 116.48 in the prior session, the stock found buyers again around the same price level today at 116.23. After trading as low as 116.23 during the day, the market found support at the 20-day moving average at 117.16.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. KSU managed to break above the 20-day moving average at 117.16 today for the first time since September 5th.

Order Flow

With prices trading close to this year's high at 120.34, upside momentum could speed up should the share be able to break out to new highs for the year. As prices are trading close to September's low at 114.13, downside momentum might accelerate should Kansas City mark new lows for the month.

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 Kansas City Southern

Loading Market Conditions for $KSU (Kansas City Southern)...
Latest Report:

KSU pushes through 20-day moving average

Sep 18, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Kansas City Southern traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

AAL 10 day candlestick chart for AAL 41.60 0.81 (1.99%)
AAXN 10 day candlestick chart for AAXN 67.37 -1.71 (-2.48%)
ACM 10 day candlestick chart for ACM 32.74 0.09 (0.28%)
ADP 10 day candlestick chart for ADP 146.97 -0.59 (-0.40%)
ADT 10 day candlestick chart for ADT 8.37 -0.22 (-2.56%)
AGCO 10 day candlestick chart for AGCO 59.96 0.85 (1.44%)
AIT 10 day candlestick chart for AIT 79.90 -0.30 (-0.37%)
AL 10 day candlestick chart for AL 45.72 0.01 (0.02%)
ALK 10 day candlestick chart for ALK 69.68 0.44 (0.64%)
ALLE 10 day candlestick chart for ALLE 90.58 0.21 (0.23%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!