[BULLISH]: Kornit DigitalElder Ray Index is signalling a Bullish movementERI is 0.237 indicating bull power. Prices are being driven above the consensus of value for KRNT during the last trading session [Buying Pressure]
KRNT: OPEN Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH
[BULLISH]: Kornit Digital opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 81.2%. This suggests the buyers have taken control. Over the last 12 months there has been 28 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 10.6%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 21.4%.
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[BULLISH]: Kornit Digital current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.59. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.67
[BULLISH]: Kornit Digital currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.7%.
[BULLISH]: Kornit Digitalbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for KRNT adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.6 & the greatest daily positive change this year has been 20.4. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 20.4%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 7%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 1.3%
KRNT: ROC Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH CROSSOVER (3) 17 Oct: BULLISH CROSSOVER
Kornit Digital current pivot point (DeMark) is: (R1) $15.925. The current pivot point (DeMark) is: (S1) $15.125.
[BEARISH]: Kornit Digital has a current ARU(25) of 12 and a current ARD(25) of 36
Kornit Digital is still above the 61.8% retracement level ($15.57) [Bullish]. Look for a long limit order entry near this point. Exit price for KRNT should be set @$20.39 & Stoploss for Kornit Digital should be set between $20.11
[BEARISH]: Kornit Digital currently has negative PVO -27.4%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 3.1%.
[BULLISH]: Kornit Digital has formed a Long White candlestick. This means, KRNT has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
Kornit Digital has broken the first resistance point ($15.766) [Bullish]. Look for a long limit order entry near this point. Exit price for KRNT should be set @$16.083 & Stoploss for Kornit Digital should be set between $14.483 & $14.166
KRNT: Medium Term Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH
[BEARISH]: Kornit Digital currently has negative rate of change of -75%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.7%.
[BULLISH]: Kornit Digital current accumulation has given strength to the share price and the continuation of bullish trading conditions.
Kornit Digital: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for KRNT
KRNT: TMA Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH CROSSOVER