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Archive
- 6/5/2026 -
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Carmax Inc (KMX) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the Carmax Inc (KMX). During the week, the KMX gained 2.53 points, or 5.67%, and closed at 47.15 on Friday, June 5, 2026. Weekly volume was -20% below average.
 Long-term trend: [See KMX long-term trend chart]
A long-term downtrend had started on December 19, 2024 at 91.25 and reached 30.26 on November 6, 2025. KMX lost 60.99 points, or 66.84%, in 46 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (27.45) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. KMX may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See KMX medium-term trend chart]
A medium-term downtrend had started on January 22, 2026 at 49.89 and reached 35.17 on May 20, 2026. KMX lost 14.72 points, or 29.50%, in 16 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 33.89 and resistance is at 49.13. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 19, 2025. 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 May 20, 2026 at 35.17 and reached 47.79 on June 3, 2026. KMX gained -12.62 points, or -35.88%, in 14 days. The price is now at the 5.07% retracement level.
 Daily Technical Indicators: [See KMX daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since May 20, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See KMX candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
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