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- 3/15/2024 -
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Kohl's Corp. (KSS) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Kohl's Corp. (KSS). During the week, the KSS dropped -2.46 points, or -9.02%, and closed at 24.81 on Friday, March 15, 2024. It was the worst weekly loss since November 10, 2023. Weekly volume was 88% above average.

Long-term trend: [See KSS long-term trend chart]
A long-term downtrend had started on May 18, 2021 at 64.80 and reached 17.68 on October 13, 2023. KSS lost 47.12 points, or 72.72%, in 125 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 12.27 and resistance is at 63.08. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See KSS medium-term trend chart]
A medium-term uptrend had started on October 13, 2023 at 17.68 and reached 29.45 on December 28, 2023. KSS gained -11.77 points, or -66.57%, in 10 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (26.95) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. KSS may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

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

The weekly MACD line is above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See KSS short-term trend chart]
A short-term downtrend had started on March 4, 2024 at 28.92 and reached 24.58 on March 15, 2024. KSS lost 4.34 points, or 15.01%, in 11 days. The price is now at the 5.30% retracement level.

Daily Technical Indicators: [See KSS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 and Williams' Percentage Range help.

The daily MACD line is below its signal line since March 5, 2024. This is an indication that the short-term trend is down.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.47
Williams' Percentage Range (W%R) 89.90
Oversold
Lane's Stochastic (%D-Slow) 10.03
Oversold
Greed/Fear Indicator (GFI) 16.88
Oversold
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.41
Williams' Percentage Range (W%R) 49.10
Lane's Stochastic (%D-Slow) 63.75
Greed/Fear Indicator (GFI) 53.15
Moving Average Converg./Diverg. (MACD) 0.72
Trading Signals
Description Value Chart
Upper Bollinger Band 28.78
Monthly Trendline Resistance 28.07
20 Day Moving Average 27.11
Weekly Stochastic Crossing 27.11
Monthly Trendline Support 26.95
Parabolic System 26.94
50 Day Moving Average 26.82
Price 24.81
Daily Stochastic Crossing 24.75
Lower Bollinger Band 24.56
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Department Stores 44
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.92
High Date 03/04/2024
Low 24.58
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.93
High Date 01/29/2024
Low 24.58
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 28.07
Support 26.95
Low 17.68
Low Date 10/13/2023
High 29.45
High Date 12/28/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 63.08
Support 12.27
High 64.80
High Date 05/18/2021
Low 17.68
Low Date 10/13/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.28
High Date 11/12/2018
Low 10.89
Low Date 04/03/2020
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.