The Hourly View for KAR
KAR (Get Ratings)’s 14.77 KAR Auction Services Inc in the hour prior was especially unusual given the typical amount recorded over the past 30 hour. KAR has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100, 20, 200 and 50 hour moving averages, resulting in them so that price is now turning below them. The moving averages on the hourly 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.
KAR ranks 112th in terms of today’s price percentage change out of Retail stocks.
KAR’s Technical Outlook on the Daily Chart
At the time of this writing, KAR’s price is down $-0.07 (-0.47%) from the day prior. The daily chart shows that KAR has seen 3 straight down days. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily 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. The chart below shows KAR’s price action over the past 90 days.
KAR: Daily RSI Analysis
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