Is Karooooo Ltd. technically bullish or bearish?
As of August 22, 2025, Karooooo Ltd. has shifted to a bullish trend supported by strong MACD and Bollinger Bands indicators, despite a mildly bearish KST signal, and has significantly outperformed the S&P 500 with a 1-month return of 17.77% and a 1-year return of 45.18%.
As of 22 August 2025, the technical trend for Karooooo Ltd. has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view, including bullish MACD readings on both weekly and monthly time frames, as well as bullish Bollinger Bands across the same periods. Daily moving averages also confirm a bullish trend. However, the KST shows a mildly bearish signal on the weekly, which slightly tempers the overall bullish outlook. The stock has outperformed the S&P 500 significantly, with a 1-month return of 17.77% compared to 2.33% for the index, and a 1-year return of 45.18% against 17.14%.
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