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Archive - 3/15/2024 - Sign In to see current Signals. |
Kraft Hein (KHC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | 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.
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