KCS Technical Analysis: An Uptrend During the Past Week, Higher Highs and Higher Lows Were Seen

Let us look at the technical analysis of KCS.

Past Performance

The KCS started trading at $11.69 on 14 October 2021. The week was an uptrend across the week, after which it closed yesterday at $14.99. This was a positive change of 28.22% over the week.

KCS Technical Analysis

The KCS was on an uptrend during the past week. Higher highs and higher lows were seen. The current trading price of KCS is $14.531, which is 3% less than compared to the previous day’s close.

OBV is showing an uptrend in its graph with a little decline in the end. This can be a bearish signal, as the buying pressure is beginning to be dominated by the selling pressure. The KCS traders may take a short position if the price continues to fall.

RSI was in the overbought region, after which it has reversed its direction. This is again a bearish signal. It is currently at 68.53%. The traders may take a short position here.

MACD is confirming the last week’s uptrend as a lagging indicator. This can be seen as the height of the histogram was increasing every day and both the lines are moving in the upwards direction. There is no convergence or divergence from the price chart.

Day-Ahead and Tomorrow

Fib numbers show that the trend has been able to cross the successive pivots successfully. This is a positive signal. The next fib target is $18.15.

Thus, the indicators are giving mixed signals. Hence, the KCS traders may hold their current positions by keeping the target at $15.94 and stop-loss at $13.83.