Kaiser Aluminum Corp (KALU): Price Now Near $109.78; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for KALU

At the moment, KALU (Get Ratings)’s price is up $1.57 (1.45%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as KALU has now gone down 4 of the past 5 hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

KALU ranks 14th in terms of today’s price percentage change out of Steel Works Etc stocks.

KALU’s Technical Outlook on the Daily Chart

At the moment, KALU’s price is up $0.2 (0.18%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows KALU’s price action over the past 90 days.



KALU: Daily RSI Analysis

  • For KALU, its RSI is now at 5.7471.
  • KALU and RSI both have consistent trends, as they are both heading down.

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