In-Depth Technical Analysis of KENVUE INC.

A possible breakout setup was detected on KENVUE INC (NYSE:KVUE) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:KVUE.

What is the technical picture of NYSE:KVUE telling us.

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 KVUE gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, KVUE is only an average performer.

• The long and short term trends are both positive. This is looking good!
• KVUE is part of the Personal Care Products industry. There are 36 other stocks in this industry. KVUE outperforms 82% of them.
• A new 52 week high is currently being made by KVUE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
• In the last month KVUE has a been trading in the 22.04 - 24.13 range, which is quite wide. It is currently trading near the high of this range.
• When comparing the performance of all stocks over the past year, KVUE turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.

Our latest full technical report of KVUE contains the most current technical analsysis.

How do we evaluate the setup for NYSE:KVUE?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:KVUE this score is currently 8:

KVUE 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 23.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.34, a Stop Loss order could be placed below this zone.

How can NYSE:KVUE be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Of course, there are many ways to trade or not trade NYSE:KVUE and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

More breakout setups can be found in our Breakout screener.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.