KKR Rises 3.42% as Technical Indicators Signal Bullish Momentum

Kkr (KKR) rose 3.42% in the most recent session, extending its gains to two consecutive days with a cumulative increase of 3.44%. This upward momentum positions the stock at a critical juncture against the backdrop of broader technical indicators.
Candlestick Theory
The most recent candle (149.34 close) formed a decisive bullish body after a period of consolidation between 142.47 and 147.22. This breakout is reinforced by the prior session’s doji-like pattern, suggesting exhaustion of selling pressure. Immediate resistance is established at 151.11 (intraday high), with a breach potentially targeting the year-to-date resistance zone around 153.50–154.00. Key support lies at 145.74 (recent swing low), followed by 143.13, where sustained trading below could invalidate the breakout.
Moving Average Theory
The current price trades above all key moving averages, with the 50-day (∼142.00), 100-day (∼138.50), and 200-day (∼132.50) exhibiting a bullish ascending order. This alignment confirms a robust long-term uptrend. The convergence of the 50-day and 100-day MAs near 140.00 provides a significant support confluence, while the price’s sustained position above the 50-day MA signals intact short-term momentum.
MACD & KDJ Indicators
MACD (12,26,9) shows a bullish crossover emerging above the signal line, with histogram bars expanding positively – indicating accelerating upward momentum. Meanwhile, KDJ (9,3,3) registers overbought conditions (K: ∼85, D: ∼80, J: ∼95) after the recent surge. While this warns of potential near-term consolidation, the MACD-KDJ divergence is absent; both align in signaling bullish momentum, though traders should monitor for KDJ curve flattening as a precursor to pullbacks.
Bollinger Bands
Price closed near the upper Bollinger Band (20-day SMA ∼145.50, ±2σ), reflecting strong bullish conviction. The bands are expanding after a contraction phase (volatility squeeze) in early September, supporting continuation potential. A close above 151.11 could trigger further band expansion, while a reversion toward the middle band (∼145.50) would offer a potential entry point if volume supports.
Volume-Price Relationship
The 3.42% surge occurred on elevated volume (3.13M shares vs. 30-day avg ∼2.9M), confirming buyer conviction. This follows a volume-backed rally on September 11 (4.11% gain on 4.05M shares), establishing a pattern of accumulation on upswings. However, the preceding consolidation saw declining volume, suggesting limited selling pressure. Sustained advances require volume to hold above 3M shares to validate momentum.
Relative Strength Index (RSI)
The 14-day RSI (∼65) approaches overbought territory but remains below the 70 warning threshold. This positioning reflects strong momentum without immediate exhaustion signals. A push above 70 would imply overextension risk, though such levels can persist in trending markets. Divergence is absent relative to price highs, supporting the current uptrend’s integrity.
Fibonacci Retracement
Applying Fib levels to the swing low (96.68 on April 21, 2025) and swing high (170.40 on January 31, 2025), the 61.8% retracement (142.24) held as support during the September pullback. The current price trades near the 78.6% level (154.62), with a clear break above 151.11 needed to challenge this resistance. The 50% level (133.54) and 61.8% level (142.24) now serve as major support zones for any retracements.
Concluding Observations
Confluence is evident across moving averages (bullish alignment), volume (breakout confirmation), and Fibonacci (support respect at 61.8%), collectively supporting further upside. Divergence is limited, though KDJ overbought conditions and RSI near 70 warrant vigilance for short-term consolidation. Key resistance at 151.11 must be breached to validate a run toward 154.62 (Fib 78.6%) and the yearly high (170.40). A reversal below 145.74 would shift focus to 142.24 support.