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Karoon Energy Ltd

KAR.AX Technical Analysis Summary (ASX)

Analyze KAR.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

KAR.AX●ASX
EnergyOil & Gas Exploration & Production
$1.79
$0.18(10.84%)
Australian Market opens in 12h 36m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

KAR.AX Technical Analysis Summary (ASX)

Karoon Energy Ltd (ASX: KAR.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 67.57)
Trend Strength:Moderate (ADX: 25.05)
Volatility:Medium (ATR: 0.08)
Support/Resistance:$1.29 – $1.67 (Bollinger Bands)

Technical conditions suggest Karoon Energy Ltd on the ASX is awaiting a decisive move. Technical conditions suggest Karoon Energy Ltd is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 67.57

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 95.07

Bearish
Overbought levels may trigger pullback.

Williams %R: -4.17

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 29.71

Strongly Bullish
Strong upside momentum.

Takeaway:Karoon Energy Ltd shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 25.05

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.08

Low
Low volatility, stable price action.

CCI (14): 274.79

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Karoon Energy Ltd shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1.67
Middle Band (SMA 20)
$1.48
Lower Band
$1.29
Current Position
Above Upper Band

Takeaway:Karoon Energy Ltd trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$1.70
Middle Line (EMA 20)
$1.54
Lower Channel
$1.38
Squeeze Status
No Squeeze

Takeaway:Karoon Energy Ltd trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-54.86M
Money Flow Index74.27Bullish, inflows support continued momentum.
Relative Vigor Index65.76Bullish, price momentum strongly favors buyers.

Overall Takeaway:KAR.AX shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Karoon Energy Ltd (ASX: KAR.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:Technical indicators for Karoon Energy Ltd are mixed, suggesting a Hold or wait-and-see approach.

(ASX: KAR.AX) Technical Analysis FAQ