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Archive - 3/15/2024 - Sign In to see current Signals. |
Kroger Co. (KR) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the Kroger Co. (KR). During the week, the KR climbed 0.09 points, or 0.16%, and closed at 56.06 on Friday, March 15, 2024. Weekly volume was 9% above average. Long-term trend: [See KR long-term trend chart] A long-term uptrend had started on October 2, 2017 at 19.69 and reached 62.78 on April 8, 2022. KR gained -43.09 points, or -218.84%, in 235 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 23.31 and resistance is at 78.90. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend. Medium-term trend: [See KR medium-term trend chart] A medium-term downtrend had started on December 1, 2022 at 50.41 and reached 42.10 on November 17, 2023. KR lost 8.31 points, or 16.48%, in 50 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (41.88) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. KR may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See KR weekly technical indicators chart] Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since December 15, 2023. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help. Short-term trend: [See KR short-term trend chart] A short-term uptrend had started on November 17, 2023 at 42.10 and reached 56.44 on March 15, 2024. KR gained -14.34 points, or -34.06%, in 119 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (46.05) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend. Daily Technical Indicators: [See KR daily technical indicators chart] Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. The daily MACD line is above its signal line since February 14, 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. The distance between the Bollinger Bands (24.55%) is close to one year high (19.65%). It is 242.63% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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