Kadant Stock Breaks Down, Weakness Likely To Persist

Kadant Inc. (NYSE: KAI) is currently in Phase 8 of its 18-phase Adhishthana cycle on the weekly chart, and the outlook isn’t encouraging. The stock recently broke below its Cakra structure, signaling potential selling pressure and a period of underperformance ahead. Here’s a breakdown of the stock’s current setup under the lens of the Adhishthana Principles.

Read the full article on Benzinga for deeper insights into the Adhishthana Cycle, the stock’s recent trajectory, and expert commentary.