Karooooo's 15min chart shows KDJ Golden Cross and Bullish Marubozu formation.

According to Karooooo's 15-minute chart, a KDJ Golden Cross and a Bullish Marubozu were observed on August 7, 2023, at 16:00. This indicates a shift in the momentum of the stock price towards an upward trend, suggesting potential further increases in value. With buyers dominating the market, the bullish momentum is likely to persist.

On August 7, 2023, at 16:00, Karooooo's 15-minute chart displayed a significant technical indicator, the KDJ Golden Cross, accompanied by a bullish Marubozu candle. This combination suggests a shift in the momentum of the stock price towards an upward trajectory, with potential for further growth. As buyers continue to dominate the market, the bullish momentum is likely to persist [1].

The KDJ Golden Cross is a technical indicator that signals a shift in the market's momentum. When the KDJ lines cross over each other, it suggests a potential trend reversal. The Bullish Marubozu pattern, characterized by a long white candle with no wick, signifies strong buying pressure, confirming the bullish trend [1].

Karooooo's Relative Strength Rating (RS Rating) has shown improvement, rising from 69 to 74 on Monday [1]. This increase indicates that Karooooo's price performance has improved compared to other publicly traded companies over the past 52 weeks. Over 100 years of market history have shown that stocks with an RS Rating of 80 or higher tend to perform well in the early stages of their moves.

In terms of financial performance, Karooooo has posted two quarters of increasing earnings growth. However, revenue gains have been a different story, with the most recent quarterly report showing a -6% decline [1]. The company is expected to release its next quarterly numbers on or around Aug. 6.

Karooooo ranks No. 6 among its peers in the Machinery-Tools & Related industry group [1]. Fastenal, Applied Industrial Technologies, and Lincoln Electric are among the top 5 highly rated stocks within this group.

On a separate note, Kennametal (KMT) also showed bullish signals on its 15-minute chart on July 31, 2025, at 11:30 AM. The KDJ Golden Cross and Bullish Marubozu formations suggest that the momentum of the stock price is shifting towards the upside, with buyers in control of the market. This could indicate further price increases in the near future [2].

Karooooo is set to release its quarterly earnings on July 30, 2025, with analysts expecting an earnings per share (EPS) of $0.73. Investors are looking for the company to not only meet but exceed these estimates and provide positive guidance for the next quarter. Historically, Karooooo has shown a mixed performance in terms of EPS, with the last quarter's beat of $0.11 followed by a 5.4% drop in share price [2].

The company's stock has been trading at $72.33 as of July 28, 2025, down 23.71% over the last 52 weeks. Analysts have given Karooooo a neutral consensus rating, with an average one-year price target of $71.0, suggesting a potential 1.84% downside. This is in contrast to its peers, with Standex International expected to perform strongly with a potential 194.94% upside, while Kennametal and Hillman Solutions are expected to see a 68.2% and 87.9% downside, respectively [2].

References:
[1] https://www.ainvest.com/news/albany-international-15-min-chart-triggers-kdj-golden-cross-bullish-marubozu-formation-2508/
[2] https://www.fxstreet.com/cryptocurrencies/news/ethena-price-forecast-ena-bullish-case-returns-as-open-interest-climbs-back-to-1-billion-202508071203