Technical Analysis for KRT - Karat Packaging Inc.

Grade Last Price % Change Price Change
C 28.85 0.78% 0.22
KRT closed up 1.45 percent on Tuesday, May 7, 2024, on 66 percent of normal volume. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 8
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
50 DMA Support Bullish 0.78%
MACD Bullish Centerline Cross Bullish 0.78%
Bollinger Band Squeeze Range Contraction 0.78%
BB Squeeze + Upper Band Touch Range Contraction 0.78%
Overbought Stochastic Strength 0.78%
Upper Bollinger Band Touch Strength 0.78%
Crossed Above 50 DMA Bullish 2.25%
Bollinger Band Squeeze Range Contraction 2.25%
Stochastic Reached Overbought Strength 2.25%
Inside Day Range Contraction 2.25%

   Recent Intraday Alerts

Alert Time
Up 3% about 2 hours ago
Up 1 ATR about 2 hours ago
60 Minute Opening Range Breakout about 4 hours ago
Rose Above Previous Day's High about 4 hours ago
Rose Above Upper Bollinger Band about 4 hours ago

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Profile

Karat Packaging Inc. manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based and other compostable forms primarily used in restaurants and foodservice areas. It offers food and take-out containers, bags, tableware, cups, lids, cutlery, and straws under the Karat and Karat Earth names. The company offers its products to domestic and regional distributors, restaurant chains, retail establishments, and online customers. It also provides new product development, design, printing, and logistics services. Karat Packaging Inc. was founded in 2000 and is headquartered in Chino, California.
Classification

Sector: Consumer Cyclical
Industry: Packaging & Containers
Keywords: Plastic Logistics Services Printing Waste Management Pollution Restaurant Chains Disposable Products Euthenics Retail Establishments

Is KRT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 30.9399
52 Week Low 13.1461
Average Volume 45,414
200-Day Moving Average 23.81
50-Day Moving Average 28.10
20-Day Moving Average 27.39
10-Day Moving Average 27.56
Average True Range 0.85
RSI (14) 59.35
ADX 13.51
+DI 26.86
-DI 13.73
Chandelier Exit (Long, 3 ATRs) 26.64
Chandelier Exit (Short, 3 ATRs) 28.81
Upper Bollinger Bands 28.71
Lower Bollinger Band 26.06
Percent B (%b) 0.97
BandWidth 9.70
MACD Line 0.05
MACD Signal Line -0.13
MACD Histogram 0.1743
Fundamentals Value
Market Cap 571.58 Million
Num Shares 20 Million
EPS 1.66
Price-to-Earnings (P/E) Ratio 17.25
Price-to-Sales 1.32
Price-to-Book 3.36
Dividend 0.10
Dividend Yield 0.35%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.81
Resistance 3 (R3) 29.76 29.31 29.61
Resistance 2 (R2) 29.31 29.01 29.34 29.55
Resistance 1 (R1) 28.97 28.83 29.14 29.02 29.48
Pivot Point 28.53 28.53 28.61 28.55 28.53
Support 1 (S1) 28.19 28.23 28.36 28.24 27.78
Support 2 (S2) 27.74 28.04 27.77 27.71
Support 3 (S3) 27.40 27.74 27.65
Support 4 (S4) 27.45