Technical Analysis on Kadant (KAI)

Kadant (KAI) has maintained a clear upward trend, characterized by higher highs and higher lows. Throughout its bullish phase, the stock experienced periodic pullbacks between 20% and 30%.



After recently hitting its all-time highs, the stock is currently undergoing a retracement, approaching potential support zones.

Bullish Scenario
The first potential support levels are close to the current price:

• SUP 1 around $304
  
• POC 1 around $320
  

Another possible support zone is POC 2 near $280, which could provide a significant base if the price continues to drop.



Bearish Scenario
For a bearish outlook, key levels to monitor include:

• A breakdown below POC 1 ($320)
  
• A trendline break (green line)
  

A breach of POC 2 ($280), indicating a potential continuation of the downtrend.