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- 3/15/2024 -
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Kraft Hein (KHC) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergence
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It was the negative week for the Kraft Hein (KHC). During the week, the KHC dropped -0.47 points, or -1.35%, and closed at 34.37 on Friday, March 15, 2024. Weekly volume was 26% above average.

Long-term trend: [See KHC long-term trend chart]
A long-term downtrend had started on May 10, 2022 at 44.87 and reached 30.68 on October 12, 2023. KHC lost 14.19 points, or 31.62%, in 74 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 29.11 and resistance is at 39.66. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See KHC medium-term trend chart]
A medium-term downtrend had started on January 9, 2023 at 42.80 and reached 30.68 on October 12, 2023. KHC lost 12.12 points, or 28.32%, in 39 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 25.73 and resistance is at 37.84. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See KHC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See KHC short-term trend chart]
A short-term downtrend had started on January 9, 2024 at 38.61 and reached 33.67 on February 14, 2024. KHC lost 4.94 points, or 12.79%, in 36 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 30.32 and resistance is at 35.77. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See KHC daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since February 27, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.69
Williams' Percentage Range (W%R) 92.80
Strong Oversold
Lane's Stochastic (%D-Slow) 24.37
Bullish
Greed/Fear Indicator (GFI) 19.08
Oversold
Moving Average Converg./Diverg. (MACD) -0.45 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.06
Williams' Percentage Range (W%R) 57.80
Lane's Stochastic (%D-Slow) 28.75
Greed/Fear Indicator (GFI) 38.37
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
Yearly Trendline Resistance 39.66
Quarterly Trendline Resistance 37.84
Upper Bollinger Band 36.45
50 Day Moving Average 36.34
Weekly Trendline Resistance 35.77
Parabolic System 35.55
20 Day Moving Average 35.23
Weekly Stochastic Crossing 35.02
Price 34.37
Daily Stochastic Crossing 34.35
Lower Bollinger Band 33.93
Weekly Trendline Support 30.32
Yearly Trendline Support 29.11
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Packaged Foods & Meats 21
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.59
High Date 02/23/2024
Low 34.08
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 35.77
Support 30.32
High 38.61
High Date 01/09/2024
Low 33.67
Low Date 02/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.68
Low Date 10/12/2023
High 38.61
High Date 01/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 37.84
Support 25.73
High 42.80
High Date 01/09/2023
Low 30.68
Low Date 10/12/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 39.66
Support 29.11
High 44.87
High Date 05/10/2022
Low 30.68
Low Date 10/12/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.