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Advanced TA SearchArchive
- 4/5/2024 -
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Kraft Hein (KHC) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Kraft Hein (KHC). During the week, the KHC climbed 0.16 points, or 0.43%, and closed at 37.06 on Friday, April 5, 2024. KHC was trading at average weekly trading volume.
 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 28.96 and resistance is at 39.51. 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 price is near the trend resistance line (37.61). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See KHC weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See KHC short-term trend chart]
A short-term uptrend had started on February 14, 2024 at 33.67 and reached 37.70 on April 4, 2024. KHC gained -4.03 points, or -11.97%, in 50 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See KHC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic or strongly overbought daily Relative Strength Index. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since March 18, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
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