KSPI technical analysis
KSPI Technical Analysis
Analysis date
July 15, 2026
Market
NasdaqGS (USD)
Daily cutoff
July 14, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
KSPI Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- KSPI
- Market
- NasdaqGS
- Currency
- USD (US Dollar)
- Latest completed bar
- July 14, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Yahoo Finance Chart API (primary) | 149.70 | July 14, 2026 | - | Verified |
| Finviz (independent) | 149.70 | July 14, 2026 (previous close) | 0.00% | Verified |
Bottom line
KSPI Technical Analysis Summary
KSPI (Kaspi.kz) shows a strong and well-established uptrend across both daily and weekly timeframes. On the daily chart, price at 149.70 trades comfortably above SMA20 (142.54), SMA50 (133.12), and SMA200 (101.11), confirming a bullish alignment. RSI14 at 58.66 sits in healthy bullish territory without overbought conditions, leaving room for further upside. The daily MACD is positive with the MACD line at 3.88 above the signal line at 3.43, and the histogram at 0.45 confirms sustained bullish momentum. On the weekly timeframe, the uptrend is equally clear with price above all key SMAs and RSI at 61.42 indicating strong medium-term momentum. Key support levels include SMA20 at 142.54 (daily), the 20-day low at 137.56, and SMA50 at 133.12. Resistance is near the 52-week high at 162.92 and the all-time high levels. The stock has delivered exceptional returns with a 252-period return of +88.66% on the daily chart and +53.32% on the weekly chart.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 14, 2026)
- Trend
- Strongly bullish. Price at 149.70 is above SMA20 (142.54, +5.02%), SMA50 (133.12, +12.46%), and SMA200 (101.11, +48.06%). All three SMAs are sloping upward with positive alignment, confirming a well-established uptrend. The stock continues to make higher highs and higher lows.
- Momentum
- Bullish with room to run. RSI14 at 58.66 is above the 50 midline but below 70, indicating healthy bullish momentum without overbought conditions. MACD line at 3.88 is above the signal line at 3.43, and the histogram at 0.45 is positive — sustained bullish momentum without signs of exhaustion.
- Volatility
- Moderate. ATR14 at 5.20 (3.48% of price) reflects typical daily movements for a high-growth fintech stock. Bollinger Bands (132.90 to 156.56) show price near the upper band, consistent with the prevailing uptrend. Band width suggests normal volatility conditions.
- Volume
- Below average. Latest volume of 159,200 is 71.9% of the 20-period average (221,400), indicating reduced participation. This is not unusual for an ADR of a Kazakhstan-based company where thinner volume is typical.
Assessment
The daily chart paints a clear bullish picture. Price is in a well-defined uptrend above all key moving averages, with positive alignment across all SMAs. RSI is in a healthy range that supports further upside. The MACD is firmly positive. The main caveat is below-average volume, which is structural for this ADR rather than a new warning sign. The 52-week position at 80.26% reflects that KSPI trades in the upper portion of its annual range but has not reached extreme levels. A break above the 52-week high at 162.92 would be the next bullish milestone.
Weekly (July 6, 2026 week)
- Trend
- Strongly bullish. Price at 145.08 is above SMA20 (125.88), SMA50 (108.72), and SMA200 (67.62). All weekly SMAs are sloping upward with wide positive separation, reflecting a sustained multi-year uptrend. The stock has been in a consistent uptrend since its 2020 IPO lows.
- Momentum
- Bullish. RSI14 at 61.42 is above the 50 midline, indicating strong medium-term momentum without overbought extremes. MACD line at 13.10 is well above the signal line at 9.44, and the histogram at 3.66 is strongly positive, confirming sustained bullish momentum at the weekly level.
- Volatility
- Moderate. ATR14 at 6.07 (4.18% of price) reflects typical weekly ranges. Bollinger Bands (97.57 to 161.84) show price in the upper half of the band but not at an extreme, suggesting the trend has room to continue.
- Volume
- Near average. Weekly volume of 859,000 is 92.1% of the 20-week average (932,500), indicating consistent participation at typical levels.
Assessment
The weekly chart confirms the strong structural uptrend. Price is well above all major SMAs with positive alignment, RSI is in healthy bullish territory, and MACD is strongly positive. The weekly Bollinger Bands show price trading in the upper half but not at the upper band, suggesting the trend is established but not stretched. The 52-week position at 80.26% on the weekly chart confirms the stock is in the upper portion of its range. The trend is clearly defined with no signs of trend exhaustion.
Key indicators
KSPI Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 58.66 | 61.42 |
| MACD (12, 26, 9) | 3.88 / 3.43 / 0.45 | 13.10 / 9.44 / 3.66 |
| ATR (14) | 5.20 (3.48%) | 6.07 (4.18%) |
| Bollinger Bands (20, 2) | 132.90 - 156.56 | 97.57 - 161.84 |
| SMA (20) | 142.54 | 125.88 |
| SMA (50) | 133.12 | 108.72 |
| SMA (200) | 101.11 | 67.62 |
Price structure
KSPI Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 149.70 | 145.08 |
| 1-Period Return | +2.14% | +2.94% |
| 5-Period Return | +2.93% | +4.37% |
| 20-Period Return | +7.72% | +16.73% |
| 60-Period Return | +19.86% | +32.87% |
| 252-Period Return | +88.66% | +53.32% |
| 52-Week Low | 73.02 | 73.02 |
| 52-Week High | 162.92 | 162.92 |
| 52-Week Position | 80.26% | 80.26% |
Key levels
KSPI Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 155.40 | 162.92 |
| 20-Period Low | 137.56 | 120.02 |
| 60-Period High | 162.92 | 162.92 |
| 60-Period Low | 73.02 | 73.02 |
Scenarios
KSPI Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price continues to make higher highs and holds above SMA20 (142.54) on the daily chart, breaking above the 52-week high at 162.92 with above-average volume.
Invalidation
Price breaks below SMA50 (133.12) on the daily chart and establishes a lower low below the 20-day low at 137.56.
What to watch
Daily RSI holding above 55; MACD histogram continuing to expand; weekly RSI holding above 60; volume confirmation on breakouts above 155.
Range-Bound
Trigger
Price oscillates between SMA20 support (142.54) and the 52-week high resistance (162.92), consolidating recent gains before the next directional move.
Invalidation
A decisive break above 162.92 or below SMA50 at 133.12 with accelerating volume.
What to watch
RSI staying between 50 and 65; MACD histogram fluctuating but remaining positive; volume declining during consolidation periods.
Bearish
Trigger
A broad market downturn or Kazakhstan-specific risk event causes KSPI to break below SMA50 (133.12) and the 60-day low at 73.02, reversing the long-term uptrend.
Invalidation
Price holds above SMA20 (142.54) and establishes a higher low above 137.56, resuming the uptrend.
What to watch
Daily RSI falling below 50; MACD histogram turning negative; weekly RSI dropping below 55; volume spikes on down days; Kazakhstan tenge and geopolitical developments.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Yahoo Finance (primary) and Finviz (independent cross-validation). The daily analysis covers approximately 2 years (501 completed bars) ending July 14, 2026. The weekly analysis covers approximately 5 years (261 completed bars) ending the week of July 6, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 14, 2026, weekly July 6, 2026 week. Generated July 15, 2026.
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