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The valueAxis is a percentage value.
Is it possible to give the whole chart a red background color for the region below the 20% range?
Yes, look into plotbands:
http://demos.telerik.com/kendo-ui/bar-charts/plotbands
API Docs:
http://docs.telerik.com/kendo-ui/api/javascript/dataviz/ui/chart#configuration-valueAxis.plotBands
valueAxis: {
plotBands: [
{ from: 0, to: 20, color:
"red"
}
]
},