Kirby Corp (KEX): Price Now Near $51.62; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for KEX

At the moment, KEX (Get Ratings)’s price is down $-0.72 (-1.38%) from the hour prior. The hourly chart shows that KEX has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. 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.

Out of Transportation stocks, KEX ranks 101st in regards to today’s price percentage change.

KEX’s Technical Outlook on the Daily Chart

At the moment, KEX’s price is down $-0.97 (-1.84%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as KEX has now gone down 4 of the past 5 days. 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. Kirby Corp’s price action over the past 90 days can be seen via the chart below.

KEX

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KEX: Daily RSI Analysis

  • KEX’s RSI now stands at 44.2177.
  • KEX and RSI both have consistent trends, as they are both heading down.

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