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Uptrend ExhaustionArchive - 3/15/2024 - Sign In to see current Signals. |
Carmax Inc (KMX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Carmax Inc (KMX). During the week, the KMX dropped -1.03 points, or -1.26%, and closed at 80.74 on Friday, March 15, 2024. Weekly volume was -33% below average. Long-term trend: [See KMX long-term trend chart] A long-term uptrend had started on December 22, 2022 at 52.10 and reached 87.50 on July 19, 2023. KMX gained -35.40 points, or -67.95%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 63.09 and resistance is at 97.08. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend. Medium-term trend: [See KMX medium-term trend chart] A medium-term downtrend had started on July 19, 2023 at 87.50 and reached 59.66 on October 30, 2023. KMX lost 27.84 points, or 31.82%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 72.43 and resistance is at 82.47. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend. Weekly Technical Indicators: [See KMX weekly technical indicators chart] Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help. The weekly MACD line is above its signal line since December 15, 2023. Use the following link to access a MACD help. Short-term trend: [See KMX short-term trend chart] A short-term uptrend had started on January 17, 2024 at 66.86 and reached 83.39 on March 13, 2024. KMX gained -16.53 points, or -24.72%, in 56 days. The chart has formed a Broadening Ascending Wedge chart pattern. Daily Technical Indicators: [See KMX daily technical indicators chart] Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since February 23, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. Candlestick pattern: [See KMX candlestick chart pattern] On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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