KYNDRYL HOLDINGS INC (NYSE:KD) Technical Analysis observations.

We've identified KYNDRYL HOLDINGS INC (NYSE:KD) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NYSE:KD for further developments.

Deciphering the Technical Picture of NYSE:KD

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Overall KD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KD is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, KD did better than 97% of all other stocks. We also observe that the gains produced by KD over the past year are nicely spread over this period.
• KD is one of the better performing stocks in the IT Services industry, it outperforms 96% of 82 stocks in the same industry.
• KD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month KD has a been trading in the 25.17 - 27.82 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of KD

How does the Setup look for NYSE:KD

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:KD has a 9 as its setup rating:

KD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 27.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for KD in the last couple of days, which is a good sign.

How to trade NYSE:KD?

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

More breakout setups can be found in our Breakout screener.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.