- KEX violently broke down below the 2024 uptrend line in late July. KEX recovered but has been unable to move above the breakpoint level. As the zoom chart illustrates, the July break also violated 2-month support at approximately the 119 level. The weekly chart show that the next level of long-term support is in the low 90’s.
RRG analysis shows that KEX has exhibited weak relative strength and relative momentum, moving from deep into the Leading quadrant to the Weakening quadrant. KEX is a Bottom 20 stock in this week’s TPA-RRG report.
Relative Rotation Graphs (RRG) – explanation video
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.
Subscribe 2 Week Trial
Customer Relationship Summary (Form CRS)