KSU runs into sellers again around 109.86


Kansas City Southern (KSU) Technical Analysis Report for May 17, 2018 [1 min read]
Highlights
KSU breaks below 50-day moving average
KSU closes below its opening price unable to hold early session gains
KSU finds support at 100-day moving average
KSU runs into sellers again around 109.86
KSU closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 40% Bearish
Technical Forecast:
Overview

KSU finished Thursday at 108.84 edging lower $0.12 (-0.11%). Trading $1.01 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past 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

Thursday's trading range was $1.38 (1.27%), that's far below last trading month's daily average range of $2.45. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Price Action

After moving higher in the prior session, the share closed lower but above the previous day's open today, forming a bearish Harami Candle.

Support/Resistance

Prices are trading close to a key support level at 107.92. After having been unable to move above 109.62 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 109.86. After trading as low as 108.48 during the day, Kansas City found support at the 100-day moving average at 108.56.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. KSU broke below the 50-day moving average at 108.92 today for the first time since May 15th.

Order Flow

Buying could speed up should prices move above the nearby swing high at 111.11 where further buy stops might get triggered. Selling could accelerate should prices move below the close-by swing low at 107.39 where further sell stops might get activated.

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
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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