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Food Retail Industry Stocks Technical Analysis - KRArchive
- 4/19/2024 -
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Kroger Co. (KR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Kroger Co. (KR). During the week, the KR gained 1.37 points, or 2.48%, and closed at 56.57 on Friday, April 19, 2024. KR was trading at average weekly trading volume.
 Long-term trend: [See KR long-term trend chart]
A long-term uptrend had started on October 17, 2022 at 41.82 and reached 58.34 on April 3, 2024. KR gained -16.52 points, or -39.50%, in 76 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (42.14) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
 Medium-term trend: [See KR medium-term trend chart]
A medium-term uptrend had started on November 17, 2023 at 42.10 and reached 58.34 on April 3, 2024. KR gained -16.24 points, or -38.57%, in 19 weeks. The price is now at the 10.90% retracement level.
 Weekly Technical Indicators: [See KR weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See KR short-term trend chart]
A short-term downtrend had started on April 3, 2024 at 58.34 and reached 55.00 on April 10, 2024. KR lost 3.34 points, or 5.73%, in 7 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (55.13) is broken. A broken support is considered to be a long-term bullish signal. 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 technical indicators are neutral.
The daily MACD line is below its signal line since March 25, 2024. This is an indication that the short-term trend is down.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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