KB HOME - Daily - Technical analysis published on 12/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 32.54 USD
My targets
34.96 USD (+1.19%)
36.80 USD (+6.51%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on KB HOME as long as the price remains well above 32.54 USD. The buyers” bullish objective is set at 34.96 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 36.80 USD. If there is any crossing, the next objective would be the resistance located at 38.73 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
KB HOME rating 34.55 USD. The price is lower by -0.92% since the last closing and was traded between 34.49 USD and 35.11 USD over the period. The price is currently at +0.17% from its lowest and -1.59% from its highest.34.49
35.11
34.55
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of KB HOME in Daily shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 24.71 | 27.39 | 32.54 | 34.55 | 34.96 | 36.80 | 38.73 |
Change (%) | -28.48% | -20.72% | -5.82% | - | +1.19% | +6.51% | +12.10% |
Change | -9.84 | -7.16 | -2.01 | - | +0.41 | +2.25 | +4.18 |
Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 34.08 | 34.43 | 34.65 | 35.00 | 35.22 | 35.58 | 35.80 |
Camarilla | 34.71 | 34.77 | 34.82 | 34.87 | 34.92 | 34.98 | 35.03 |
Woodie | 34.01 | 34.40 | 34.58 | 34.97 | 35.16 | 35.54 | 35.73 |
Fibonacci | 34.43 | 34.65 | 34.79 | 35.00 | 35.22 | 35.36 | 35.58 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 31.97 | 32.97 | 33.51 | 34.51 | 35.05 | 36.05 | 36.59 |
Camarilla | 33.62 | 33.76 | 33.90 | 34.04 | 34.18 | 34.32 | 34.46 |
Woodie | 31.73 | 32.86 | 33.27 | 34.40 | 34.81 | 35.94 | 36.35 |
Fibonacci | 32.97 | 33.56 | 33.93 | 34.51 | 35.10 | 35.47 | 36.05 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 28.36 | 30.49 | 33.04 | 35.17 | 37.73 | 39.85 | 42.41 |
Camarilla | 34.31 | 34.74 | 35.17 | 35.60 | 36.03 | 36.45 | 36.88 |
Woodie | 28.57 | 30.60 | 33.25 | 35.28 | 37.94 | 39.96 | 42.62 |
Fibonacci | 30.49 | 32.28 | 33.38 | 35.17 | 36.96 | 38.07 | 39.85 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 51.15 | |
MACD (12,26,9): | 0.1500 | |
Directional Movement: | 1.92 | |
AROON (14): | 57.14 | |
DEMA (21): | 34.75 | |
Parabolic SAR (0,02-0,02-0,2): | 34.07 | |
Elder Ray (13): | 0.22 | |
Super Trend (3,10): | 35.92 | |
Zig ZAG (10): | 34.55 | |
VORTEX (21): | 0.9800 | |
Stochastique (14,3,5): | 77.86 | |
TEMA (21): | 34.43 | |
Williams %R (14): | -33.19 | |
Chande Momentum Oscillator (20): | 0.72 | |
Repulse (5,40,3): | -1.5800 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 5.20 |
MA7: | 34.65 | |
MA20: | 34.29 | |
MA50: | 34.29 | |
MA100: | 30.92 | |
MAexp7: | 34.65 | |
MAexp20: | 34.53 | |
MAexp50: | 33.62 | |
MAexp100: | 31.61 | |
Price / MA7: | -0.29% | |
Price / MA20: | +0.76% | |
Price / MA50: | +0.76% | |
Price / MA100: | +11.74% | |
Price / MAexp7: | -0.29% | |
Price / MAexp20: | +0.06% | |
Price / MAexp50: | +2.77% | |
Price / MAexp100: | +9.30% |
News
Don"t forget to follow the news on KB HOME. At the time of publication of this analysis, the latest news was as follows:
- KB Home Announces Pricing of Senior Notes Due 2029
- KB Home Announces Public Offering of Senior Notes
- KB Home Announces Increase in Revolving Credit Facility to $800 Million and Extension of Maturity Date
- KB Home Wins 2019 WaterSense Sustained Excellence Award for Advancing Water Efficiency
- KB Home Declares Fourth Quarter 2019 Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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